PanamaTimes

Wednesday, Aug 05, 2026

Paraguay’s vice president to stay on after corruption accusations

Paraguay’s vice president to stay on after corruption accusations

Hugo Velazquez reverses his decision to resign after the US last week accused him of involvement in ‘significant’ corruption.

The vice president of Paraguay has reversed a plan to resign this week, saying he will not give up his post until he has details of the United States’s corruption claims against him.

Hugo Velazquez told reporters on Thursday that he had initially offered to resign last week as he “assumed” there was a domestic investigation against him.

But on Wednesday, he received notice from the Paraguay prosecutor’s office stating “that there is no case against me”, Velazquez said.

“I had mentioned when I spoke with you that I was going to resign from office … in order to go and defend myself as a common citizen,” Velazquez told a local radio station.

“Yesterday afternoon I found out that the Public Ministry decided to ask the United States Embassy for the facts about the complaint against me. Today, I do not have a platform to defend myself because there is no investigation in the United States either,” he added.

Last Friday, US Secretary of State Antony Blinken said a Velazquez associate had offered a bribe to a Paraguayan public official to “obstruct an investigation that threatened the Vice President and his financial interests”.


Blinken said Velazquez would be barred from entering the US due to his “involvement in significant corruption, including bribery of a public official and interference in public processes”.

“Corrupt acts such as these also contribute to diminished confidence in the government and public perceptions of corruption and impunity within the office of the Paraguayan Vice President,” the top US diplomat said in a statement.

The accusation unleashed a political earthquake in Paraguay, where Velazquez was set to be the government’s presidential candidate in primary elections for the conservative Colorado Party in December.

Velazquez, who has denied wrongdoing, nevertheless renounced his candidacy and said he would leave the vice presidency this week.

But while the 54-year-old on Thursday said he would not resign as vice president now, he also said in a statement that his decision not to be a presidential candidate is “immovable”.

In July, the US also announced a ban on former Paraguayan President Horacio Cartes, accusing the businessman-turned-politician of corruption and links to “terrorist” groups.

Cartes’ political movement will face Velazquez’s in the primaries and the winner will be a candidate for the general elections scheduled for April 2023. Cartes’ candidate, former minister Santiago Pena, is still in the running.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Breaking With the Past: One of the World’s Smallest Countries Changes Its Name
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Cuba’s Grid Fails Again as Fuel Crisis Deepens
Nazca Lines Flight Crash Kills Thirteen as Peru Suspends Aerodiana
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Spain Defeats Argentina in Extra Time to Win Second World Cup
Venezuela’s Earthquake Devastation Turns U.S. Investment Opportunity Into a Thirty-Seven Billion Dollar Reconstruction Challenge
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The AI Race Enters Its Infrastructure Era
Colombia Influencer Dies After Cosmetic Procedure at Unlicensed Bogota Salon
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
On the Island That Did Not Yield to Trump, There Is No Electricity, and 10 Million Live in Darkness
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
×