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Bolivia Investigates $142 Million Damage Case at Central Bank

Bolivia Investigates $142 Million Damage Case at Central Bank

From El Deber · (5m ago) Spanish Critical tone

Translated from Spanish, summarized and contextualized by DistantNews.

TLDR

  • Bolivian authorities are investigating alleged economic damage totaling $142.3 million at the Central Bank of Bolivia (BCB).
  • The Fiscalía has requested pre-trial detention for the former BCB president, Edwin Rojas, in connection with the case.
  • An audit identified irregularities in at least seven operations, including the overpricing of bonds.

The investigation into alleged economic damage at the Central Bank of Bolivia (BCB) has intensified, casting a shadow over the institution's management during a critical economic period. The Fiscalía's request for six months of preventive detention for former BCB president Edwin Rojas underscores the seriousness of the accusations, which point to a potential loss of $142.3 million. This case is particularly concerning given the BCB's role in managing the nation's financial stability and international reserves.

La Fiscalía pidió seis meses de detención preventiva para el expresidente del BCB, Edwin Rojas, mientras avanza el proceso por operaciones que habrían generado un perjuicio de $us 142,3 millones.

— FiscalíaStatement regarding the request for pre-trial detention for the former BCB president.

Central to the investigation is an audit conducted in March 2026, which flagged at least seven transactions for potential irregularities. One striking example involves the acquisition of bonds, initially offered at $12.3 million, but reportedly purchased for over $21.7 million, resulting in a discrepancy exceeding $9 million. The Viceministry of Transparency has indicated that similar practices were observed across various transactions, with evidence including emails suggesting attempts to alter accounting records post-operation. This points to systemic issues within the BCB's financial dealings.

Según el Viceministerio de Transparencia, en uno de los casos bonos ofertados por $us 12,3 millones fueron adquiridos por más de $us 21,7 millones, con una diferencia superior a $us 9 millones.

— Viceministerio de TransparenciaDetailing a specific instance of alleged overpricing in bond acquisitions.

From the perspective of El Deber, a publication deeply invested in the economic health and institutional integrity of Bolivia, this case raises profound questions about internal controls and governance. The alleged misconduct not only represents a significant financial loss but also erodes confidence in the financial system at a time when such trust is paramount. The investigation's reach into technical and collegiate levels of the BCB suggests a need for a thorough review of the institution's oversight mechanisms. Ensuring accountability and rebuilding public trust will be crucial steps in navigating this challenging period for Bolivia's economy.

De acuerdo con la investigación, estas prácticas se repitieron en distintas transacciones. Además, se analizan correos en los que se habría instruido modificar registros contables tras las operaciones.

— UnspecifiedInformation on the repeated nature of the alleged practices and evidence being analyzed.
DistantNews Editorial

Originally published by El Deber in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.