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Bolivian President Evo Morales signed Anti-Corruption Law.

President Evo Morales announcing new law anti-corruption

La Paz, Bolivia .- President Evo Morales yesterday promulgated the Law to Fight Against Corruption and Illicit Enrichment, also known as the “Guillotine Law”  (motto by Vice President Alvaro Garcia Linera)  to “lay hands”  of former government officials accused of acts of corruption and set new policies for the protection of state resources.

During a ceremonial event held at the Government Palace in the presence of deputies, senators, police high command, military and ministers of State, the President also described details of the new law, like the retroactive application of the Anti Corruption Law, the proceedings in absentia, the applicability of the crime and tough sanctions to punish corruption among former presidents, former ministers and civil servants, including private money illegally obtained by the effect of government contracts.

Evo Morales announced he will appeal to international organizations -that challenged the law-  to explain the implications of the new legislation and the benefits for Bolivia, due to the fact that the acts of corruption in Bolivia has a yearly economic cost of between 200 and 300 million dollars. READ MORE IN SPANISH.

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