IBOV 177,535 ▲ 2.77% IPSA 11,032 ▲ 0.06% IPC MEX 66,568 ▲ 0.70% MERVAL 3,277,648 ▲ 2.35% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL5.11▼ 0.18% USD/MXN17.48▼ 0.38% USD/CLP924.85▼ 0.31% USD/COP3,242▼ 3.03% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.11% BRENT 76.13 ▼ 0.22% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.03% GOLD 4,108 ▼ 0.55% SILVER 59.96 ▼ 0.69% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.24 ▼ 0.80% PETR4 39.55 ▲ 0.87% VALE3 74.47 ▲ 1.80% ITUB4 44.17 ▲ 3.71% BBDC4 18.75 ▲ 4.17% ABEV3 15.87 ▲ 0.95% BBAS3 20.57 ▲ 2.85% B3SA3 15.43 ▲ 4.33% WEGE3 46.59 ▲ 1.86% PRIO3 55.49 ▼ 0.22% SUZB3 41.52 ▲ 1.19% RENT3 41.03 ▲ 4.14% AZZA3 19.27 ▲ 4.39% CSAN3 4.02 ▲ 4.15% RAIZ4 0.35 ▼ 5.41% PCAR3 2.77 ▲ 0.36% GMAT3 3.96 ▲ 0.76% PSSA3 54.72 ▲ 2.57% CVCB3 1.26 ▲ 0.80% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.45 ▲ 1.20% GGBR4 22.96 ▲ 2.14% ENEV3 27.27 ▲ 4.08% CPFE3 47.59 ▲ 2.81% CMIG4 11.34 ▲ 2.35% EQTL3 40.83 ▲ 3.34% LREN3 14.71 ▲ 3.96% VIVT3 35.57 ▲ 3.10% RAIL3 14.11 ▲ 2.62% KLABIN 17.46 ▲ 0.34% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.59 ▲ 5.16% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.80 ▲ 2.18% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.15 ▲ 4.43% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.88 ▲ 4.96% SBSP3 30.93 ▲ 3.10% WALMEX 49.46 ▲ 0.90% GMEXICO 198.50 ▲ 1.62% FEMSA 223.27 ▲ 0.40% CEMEX 21.86 ▲ 0.69% GFNORTE 187.76 ▲ 1.30% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.74 ▲ 0.44% GAP 414.60 ▲ 0.21% ASUR 287.04 ▲ 1.21% OMA 236.98 ▼ 0.43% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.23 ▼ 0.55% SQM-B 68,194 ▼ 1.31% COPEC 6,099 ▲ 1.31% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,897 ▲ 0.79% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,040 ▼ 0.80% CMPC 1,107 ▲ 1.13% BANCO CHILE 188.01 ▲ 0.54% LATAM AIR 26.37 ▼ 0.11% YPF 74,325 ▼ 1.91% GGAL 8,355 ▲ 6.03% PAMPA 5,190 ▼ 0.29% TXAR 667.00 ▲ 0.38% ALUAR 979.50 ▲ 1.14% TGS 9,565 ▲ 2.74% CEPU 2,360 ▲ 1.94% MIRGOR 17,075 ▼ 0.73% COME 46.19 ▲ 1.70% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.00 ▲ 1.05% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.46 ▲ 2.43% SOUTHERN COPPER 176.02 ▲ 0.91% BUENAVENTURA 30.11 ▲ 1.90% MERCADOLIBRE 1,878 ▲ 3.86% NUBANK 13.89 ▲ 1.57% XP 17.01 ▲ 3.66% PAGSEGURO 9.31 ▲ 3.39% STONE 11.24 ▲ 2.55% GLOBANT 30.09 ▼ 3.85% TECNOGLASS 44.17 ▲ 2.38% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.04 ▲ 1.21% OMA AIRPORT 108.37 ▲ 0.04% AMX ADR 25.93 ▲ 0.35% FEMSA ADR 127.64 ▲ 0.50% CEMEX ADR 12.51 ▲ 1.09% PETROBRAS ADR 17.20 ▲ 1.00% VALE ADR 14.54 ▲ 2.22% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.25% AMBEV ADR 3.08 ▲ 1.32% CSN 1.02 ▲ 6.84% GERDAU 4.51 ▲ 2.27% LATAM ADR 57.08 ▲ 0.07% BTC 63,702 ▲ 0.81% ETH 1,781 ▲ 2.08% SOL 77.30 ▼ 0.96% XRP 1.10 ▲ 0.30% BNB 574.50 ▲ 1.06% ADA 0.17 ▼ 0.43% DOGE 0.07 ▲ 1.05% AVAX 6.70 ▲ 0.26% LINK 7.89 ▲ 2.06% DOT 0.87 ▲ 5.08% LTC 44.36 ▲ 1.36% BCH 245.16 ▲ 3.11% TRX 0.33 ▼ 0.52% XLM 0.19 ▲ 1.71% HBAR 0.07 ▼ 0.32% NEAR 1.86 ▼ 3.10% ATOM 1.58 ▲ 1.88% AAVE 94.93 ▲ 4.03% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.43 ▲ 1.36% JBS 11.91 ▲ 1.49% JBS BDR 60.71 ▲ 1.10% MBRF3 15.52 ▲ 0.71% MBRFY 2.98 ▼ 0.67% INTER 5.87 ▲ 2.71% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.12% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.69▼ 0.43% USD/CNY6.76▼ 0.43% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.11% GBP/USD1.34— 0.00% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD1.42▼ 0.12% US10Y 4.5650 ▲ 0.57% IBOV 177,535 ▲ 2.77% IPSA 11,032 ▲ 0.06% IPC MEX 66,568 ▲ 0.70% MERVAL 3,277,648 ▲ 2.35% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL 5.11 ▼ 0.18% USD/MXN 17.48 ▼ 0.38% USD/CLP 924.85 ▼ 0.31% USD/COP 3,242 ▼ 3.03% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.11% BRENT 76.13 ▼ 0.22% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.03% GOLD 4,108 ▼ 0.55% SILVER 59.96 ▼ 0.69% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.24 ▼ 0.80% PETR4 39.55 ▲ 0.87% VALE3 74.47 ▲ 1.80% ITUB4 44.17 ▲ 3.71% BBDC4 18.75 ▲ 4.17% ABEV3 15.87 ▲ 0.95% BBAS3 20.57 ▲ 2.85% B3SA3 15.43 ▲ 4.33% WEGE3 46.59 ▲ 1.86% PRIO3 55.49 ▼ 0.22% SUZB3 41.52 ▲ 1.19% RENT3 41.03 ▲ 4.14% AZZA3 19.27 ▲ 4.39% CSAN3 4.02 ▲ 4.15% RAIZ4 0.35 ▼ 5.41% PCAR3 2.77 ▲ 0.36% GMAT3 3.96 ▲ 0.76% PSSA3 54.72 ▲ 2.57% CVCB3 1.26 ▲ 0.80% POSI3 3.99 ▲ 3.64% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.45 ▲ 1.20% GGBR4 22.96 ▲ 2.14% ENEV3 27.27 ▲ 4.08% CPFE3 47.59 ▲ 2.81% CMIG4 11.34 ▲ 2.35% EQTL3 40.83 ▲ 3.34% LREN3 14.71 ▲ 3.96% VIVT3 35.57 ▲ 3.10% RAIL3 14.11 ▲ 2.62% KLABIN 17.46 ▲ 0.34% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.59 ▲ 5.16% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.80 ▲ 2.18% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.15 ▲ 4.43% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.88 ▲ 4.96% SBSP3 30.93 ▲ 3.10% WALMEX 49.46 ▲ 0.90% GMEXICO 198.50 ▲ 1.62% FEMSA 223.27 ▲ 0.40% CEMEX 21.86 ▲ 0.69% GFNORTE 187.76 ▲ 1.30% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.74 ▲ 0.44% GAP 414.60 ▲ 0.21% ASUR 287.04 ▲ 1.21% OMA 236.98 ▼ 0.43% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.23 ▼ 0.55% SQM-B 68,194 ▼ 1.31% COPEC 6,099 ▲ 1.31% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,897 ▲ 0.79% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,040 ▼ 0.80% CMPC 1,107 ▲ 1.13% BANCO CHILE 188.01 ▲ 0.54% LATAM AIR 26.37 ▼ 0.11% YPF 74,325 ▼ 1.91% GGAL 8,355 ▲ 6.03% PAMPA 5,190 ▼ 0.29% TXAR 667.00 ▲ 0.38% ALUAR 979.50 ▲ 1.14% TGS 9,565 ▲ 2.74% CEPU 2,360 ▲ 1.94% MIRGOR 17,075 ▼ 0.73% COME 46.19 ▲ 1.70% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.00 ▲ 1.05% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.46 ▲ 2.43% SOUTHERN COPPER 176.02 ▲ 0.91% BUENAVENTURA 30.11 ▲ 1.90% MERCADOLIBRE 1,878 ▲ 3.86% NUBANK 13.89 ▲ 1.57% XP 17.01 ▲ 3.66% PAGSEGURO 9.31 ▲ 3.39% STONE 11.24 ▲ 2.55% GLOBANT 30.09 ▼ 3.85% TECNOGLASS 44.17 ▲ 2.38% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.04 ▲ 1.21% OMA AIRPORT 108.37 ▲ 0.04% AMX ADR 25.93 ▲ 0.35% FEMSA ADR 127.64 ▲ 0.50% CEMEX ADR 12.51 ▲ 1.09% PETROBRAS ADR 17.20 ▲ 1.00% VALE ADR 14.54 ▲ 2.22% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.25% AMBEV ADR 3.08 ▲ 1.32% CSN 1.02 ▲ 6.84% GERDAU 4.51 ▲ 2.27% LATAM ADR 57.08 ▲ 0.07% BTC 63,702 ▲ 0.81% ETH 1,781 ▲ 2.08% SOL 77.30 ▼ 0.96% XRP 1.10 ▲ 0.30% BNB 574.50 ▲ 1.06% ADA 0.17 ▼ 0.43% DOGE 0.07 ▲ 1.05% AVAX 6.70 ▲ 0.26% LINK 7.89 ▲ 2.06% DOT 0.87 ▲ 5.08% LTC 44.36 ▲ 1.36% BCH 245.16 ▲ 3.11% TRX 0.33 ▼ 0.52% XLM 0.19 ▲ 1.71% HBAR 0.07 ▼ 0.32% NEAR 1.86 ▼ 3.10% ATOM 1.58 ▲ 1.88% AAVE 94.93 ▲ 4.03% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.43 ▲ 1.36% JBS 11.91 ▲ 1.49% JBS BDR 60.71 ▲ 1.10% MBRF3 15.52 ▲ 0.71% MBRFY 2.98 ▼ 0.67% INTER 5.87 ▲ 2.71% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.04% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.70 ▼ 0.40% USD/CNY 6.7638 ▼ 0.41% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1418 ▼ 0.14% GBP/USD 1.3398 ▼ 0.04% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD 1.4148 ▼ 0.13% US10Y 4.5650 ▲ 0.57%
since 2009
Friday, July 10, 2026

Latin America Paraguay

Paraguayan Interior Minister compared former President Cartes to Pablo Escobar

By · February 4, 2022 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The complex internal conflict in Paraguay’s ruling party had another chapter today with the accusations of the Interior Minister, Arnaldo Giuzzio, to former President Horacio Cartes, whom he compared to the famous Colombian drug trafficker Pablo Escobar, and who he accused of laundering contraband money through his companies.

“That model that he generated and intends to follow, compared to Pablo Escobar, he is a creature with a lollipop,” said Giuzzio, who last week had denounced Cartes for money laundering and illicit enrichment.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The Minister’s words are a direct consequence of the impeachment request against him – to be analyzed tomorrow by the Chamber of Deputies -, initiated by opponents of the Radical Liberal Party (PLRA) but backed by legislators who respond to Cartes, who is at odds with President Mario Abdo Benítez.

Paraguayan Interior Minister, Arnaldo Giuzzio.
Paraguayan Interior Minister, Arnaldo Giuzzio.(Photo: internet reproduction)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Giuzzio appeared today before the Permanent Commission of Congress to explain Sunday’s attack at a music festival in San Bernardino.

In the event, supposedly the work of hired assassins, two people were killed, and six others were injured, two of them allegedly linked to drug trafficking and with arrest warrants against them.

According to ABC Color and Última Hora, the Minister reviewed the achievements of his administration, compared drug seizures with those of the Cartes presidency, and stressed that since 2019 the focus has been on “weakening criminal structures, and not on pursuing drug shipments because that had no effect and the organizations continued to grow.”

Giuzzio warned that there had been “atomization of the leadership and that produces an internal dispute between the groups” and denounced that “before, even politicians negotiated with the visible faces or narco referents of the border areas a fictitious peace in exchange for letting tons of drugs pass through.”

“The border congressmen will know that, for decades, there was a fictitious peace; the drug traffickers negotiated with the politicians, but that had the cost of letting drugs pass through,” he said.

He considered that the attempt to prosecute him “is a political retaliation, a vendetta typical of the mafia” and returned to the figure of Cartes to warn about the movement of money through his companies and even suggest an agreement with criminal groups to access Brazil, Colombia, and Mexico.

“Do you think that in Mexico, an organization that traffics cigarettes will be able to enter without the consent of the narcos?” he asked.

“This is how organized crime starts: how many companies are investigated and then change their name with the same partners?” he ironized and went further: “This man was black and wanted to launder”.

The official described the alleged mechanism by which the money from cigarette smuggling is returned to a bank owned by Cartes, which then grants loans to his companies, and warned that the group’s foreign exchange operations are eight times more than the gross domestic product of the country.

“That model that he generated and intends to follow, compared to Pablo Escobar, to (Ramón) González Daher… they are creatures with lollipops. Terrible for our economy”, he sentenced.

González Daher was a Paraguayan senator also convicted of drug trafficking (as was one of his sons), who died last year, owner of a fortune.

Beyond what happened on Sunday at the music festival, Giuzzio’s administration had already been questioned by the kidnappings, murders, and the actions of the EPP and ACA organizations, and President Mario Abdo Benítez had given him two months to show results, but that deadline has been exceeded.

The only voice in defense of the Minister today was Vice President Hugo Velázquez: “I do not believe that Giuzzio has to be removed by impeachment; that the political class does not lend itself to the Cartismo for these things”, he affirmed.

“We have to recognize Giuzzio, perhaps, he may have flaws like any human being, but nobody can doubt his honesty and courage to face any kind of mafia, ” stressed Velázquez, who aspires to succeed Abdo Benítez in next year’s elections.

Deep Dive

For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.