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Guatemalan central bank chief indicted

Thursday, May 28, 2015

Guatemalan central bank president Julio Suarez was indicted for fraud as part of an investigation into contracts issued by the Social Security Institute, deepening a political crisis in Central America’s largest economy.

Suarez was indicted Tuesday, along with 16 other people, for his role in approving a $15 million contract for blood dialysis services awarded by the Social Security Institute.

Source: Bloomberg