Colombia’s President Petro Faces Resignation Amid Scandal and Political Tensions

In the latest development of Colombia's ongoing political turmoil, Finance Minister Ricardo Bonilla has stepped down from his post amid a growing corruption scandal that has rocked President Gustavo Petro’s administration. Bonilla’s resignation follows accusations that he misused funds from the country’s disaster relief agency and engaged in vote-buying on a congressional committee linked to government finances. 

Despite the intense allegations, Bonilla remains defiant. In a statement posted on social media, he denied any criminal wrongdoing, insisting that he would prove his innocence to investigators. "I leave with my head held high, confident that I will convince my investigators that I did not buy silence nor votes from congressmen," Bonilla said. He asserted that his legal defense was built on transparency and truth.

President Petro, who has faced a series of controversies and political challenges since taking office in 2022, stood by Bonilla even as he accepted his resignation. Petro publicly stated that the accusations against Bonilla were unfair, calling him a “true economist, committed to the necessities of his people.” However, Petro also acknowledged the persistent problem of corruption in Colombia, emphasizing that politics and law in the country continued to be undermined by corrupt practices.

Petro wasted no time in appointing Bonilla’s replacement, naming Diego Guevara, the country’s vice minister of finance, to the position on Wednesday afternoon. Bonilla’s resignation marks the second time in just over a year that a finance minister has left Petro’s cabinet. He took over the role from José Antonio Ocampo in 2023 after Petro reshuffled his government.

The scandal surrounding Bonilla emerged earlier this year, when Colombia’s public prosecutor’s office opened an investigation into suspicious contracts awarded to the National Unit for Disaster Risk Management (UNGRD). The investigation focused on contracts worth $10.5 million for water tankers intended for La Guajira, a province facing severe water shortages. The tankers were allegedly defective, and the former head of UNGRD was accused of influence peddling. As the investigation unfolded, Bonilla was implicated as well.

The Colombian Supreme Court has since pointed to possible crimes related to bribery and illicit enrichment. One key figure in the investigation is Sneyder Pinilla, the former deputy director of UNGRD, who is under investigation but has agreed to cooperate with authorities. Pinilla’s lawyers claim he has provided evidence of a “criminal structure” linking UNGRD to high-ranking federal officials, including Bonilla.

Despite the growing corruption concerns, Petro has continued to deny accusations of wrongdoing within his administration. In a statement made in October, following news that election authorities were probing possible campaign finance violations from his presidential run, Petro framed the investigation as an attack on his government. “The coup has begun,” he declared on social media, suggesting that the probes were politically motivated.

The situation has been further complicated by allegations against Petro’s son, Nicolás Petro, who faced house arrest in 2023 for reportedly accepting money from individuals with ties to drug trafficking. Nicolás has denied that his father had any knowledge of the scheme.

In light of these developments, Petro issued another statement on Wednesday, addressing the resignation of Bonilla and the broader political context. The president claimed that some individuals were attempting to use Bonilla’s scandal to undermine his government’s economic policies. He also dismissed the allegations that Bonilla had implicated his son and campaign manager in corruption, labeling the claims as fabricated by an anonymous source.

The political turbulence surrounding Petro’s presidency reflects the deepening divisions within Colombia’s political landscape. As investigations continue into corruption and other misconduct, the pressure on Petro and his government is likely to intensify in the months ahead.