Judge decides to jail former Deputy Treasury Secretary for IMF case

The fifth anti-corruption judge from La Paz this Wednesday ruled the preventive detention of former Vice Finance Minister Carlos Schlink in San Pedro prison, who is indicted in the case of the 327 million dollar loan from the International Monetary Fund (IMF).

Although the prosecution requested six months of preventive detention, the judge ruled that the measure would continue for four months during the investigation. The prosecutors appealed the decision.

Schlink was deputy minister during the transitional government. He was arrested Monday after being prevented from traveling abroad over the weekend while planning his honeymoon with his wife.

The public prosecutor’s office accused the former deputy minister of crimes of unconstitutional and unlawful decisions, wasteful behavior, state-damaging contracts and breaches of duty.

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In this case, the contraction of the $ 327 million loan granted in the IMF’s transitional government is being investigated. During the MAS period, the central bank decided to return the money by observing irregularities in the processing, such as the lack of a law guaranteeing it and which caused economic damage due to the interest incurred.

Schlink asserted in his defense during the hearing that he had not signed a contract or an order to obtain funding. He also refused to accuse him of negligence because the debt program was not developed during his tenure.

Advisories from the prosecutor included notes in which the central bank informed Schlink of payments made to meet its obligations with the IMF, but the former deputy minister noted that these letters imply that they had told him but that’s not how he paid.

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He also denied that the funding had conditioned the country’s monetary policy and that the exchange rate had remained stable.

The former deputy minister said the damage to the state was caused by the current government because it decided to return the money if the country needed to buy vaccines and health care.

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