With just over two weeks to go to general elections, prosecutors and officials from a UN investigative commission said yesterday that they had uncovered extensive evidence implicating Perez and ex-vice president Roxana Baldetti in a massive, highly organised scheme to reduce importers' customs duties in exchange for bribes.
She has resigned, and was arrested Friday. Business leaders issued a call for Perez to stand down immediately.
Presidential spokesman Jorge Ortega told AFP that Perez had not resigned.
Economy Minister Sergio de la Torre; Education Minister Cynthia Del Aguila; and Competitiveness Commissioner Juan Carlos Paiz, all stepped down voicing disappointment at Perez's alleged starring role in the graft.
The multimillion-dollar fraud case has upended Guatemalan politics since it erupted in April, felling numerous high-ranking officials, forcing Baldetti's resignation and now reaching the country's highest office.
"We have found the very regrettable participation of the president of the republic and Mrs Roxana Baldetti at every level of the organization" behind the corruption, said Ivan Velasquez of the UN commission.
Perez, a 64-year-old retired general and conservative whose term ends in January, cannot run for re-election.
On Friday, police arrested Baldetti, 53, at a private hospital where she had been undergoing treatment for gastrointestinal and heart problems. Her arrest came one day after investigators searched her home.
The judge in the case had already ordered her bank accounts frozen and slapped injunctions on 11 properties belonging to her and her husband.
Baldetti resigned as vice president on May 8 after one of her top aides, Juan Carlos Monzon, was accused of running the bribery scheme.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
