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Sunday, December 29, 2013

Uruguay's economy minister resign over alleged irregular sale

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Uruguay's economy minister resign over alleged irregular sale
MONTEVIDEO, Safar 18, 1435, Dec 21, 2013, SPA -- Uruguay's economy minister resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of the country's flagship carrier, Reuters cited President Jose Mujica as saying.
Mujica defended the conduct of Fernando Lorenzo, his minister since March 2010, as local television broadcast images of the economist entering a criminal courthouse.
"He has been a brilliant minister," Mujica said. "We have no doubt about his ethical integrity."
Mujica is considering replacing Lorenzo with the current president of Uruguay's central bank, Mario Bergara, a source with the president's political party told Reuters.
Lorenzo was widely respected by investors, but faced growing criticism after the government sold seven airplanes that once belonged to Pluna, the airline the state took over and shuttered in the wake of its bankruptcy last year.
-- SPA
20:06 LOCAL TIME 17:06 GMT

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