IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,706.89 ▼ 0.26% MERVAL 3,021,926 ▼ 1.29% COLCAP 2,548.22 ▲ 1.05% BVL PERÚ 60,023.65 ▼ 1.13% USD/BRL5.14▲ 0.26% USD/MXN17.22▲ 0.30% USD/CLP959.00▼ 0.31% USD/COP3,175▲ 1.37% USD/PEN3.37▼ 0.10% USD/ARS1,514▲ 0.26% USD/UYU40.16▲ 2.90% USD/PYG5,906▲ 2.95% USD/BOB9.95▼ 6.56% USD/DOP58.83▲ 0.22% USD/CRC444.45▲ 2.49% USD/GTQ7.63▲ 3.03% USD/HNL26.85▲ 0.38% USD/NIO36.62▲ 0.26% USD/VES846.42▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.57% EUR/BRL5.91▲ 0.04% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,706.89 ▼ 0.26% MERVAL 3,021,926 ▼ 1.29% COLCAP 2,548.22 ▲ 1.05% BVL PERÚ 60,023.65 ▼ 1.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Spain’s ‘Koldo’ Affair: A Quiet Courtroom, Loud Questions

By · October 16, 2025 · 2 min read

The LatAm Brief

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Koldo García, once the right hand to former transport minister José Luis Ábalos, appeared at Spain’s Supreme Court on Thursday and said nothing.

He used his right to remain silent while the anti-corruption prosecutor declined to seek pre-trial detention. The private accusations, led by the opposition Popular Party, pressed for jail.

A ruling is pending on whether to toughen García’s current controls: no passport, no travel abroad, and check-ins every two weeks. The silence follows a fresh Civil Guard report portraying García as the “custodian” of Ábalos’s personal finances.

Investigators say García and his then-wife paid for the minister’s travel, gifts, and everyday family costs without proof of reimbursement—roughly €95,000 in outlays.

The probe began with pandemic mask contracts and has widened to suspected rigging of public-works awards. Politics rushed in. PP leader Alberto Núñez Feijóo echoed the presiding judge’s stated “stupor” that Ábalos remains a lawmaker while under investigation.

Spain’s ‘Koldo’ Affair: A Quiet Courtroom, Loud Questions.
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The governing Socialists pushed back: party spokesperson Patxi López warned against judicial overreach and said any resignation is a matter for parliament and the law, not opinion.

Ábalos, who also stayed silent before the court on Wednesday, keeps the same travel and reporting limits as García for now.

The story behind the story is Spain’s lingering stress test: can institutions police procurement and political behavior without tipping into a clash of powers? Pandemic-era emergency buying created shortcuts and temptations that courts are now unpacking.

The Supreme Court has told European prosecutors that no misuse of EU funds has been proven so far, but audits continue—an important signal for Brussels and investors watching institutional resilience.

What matters here is simple. This case asks who pays for what when public decisions are made—and who is accountable when lines blur between personal favors and public office.

The next inflection point will be the judge’s call on García’s status and any new financial trails that clarify who funded which expenses, when, and why.

For Spain’s politics—and for outsiders scanning the health of rule-of-law in a major EU economy—the answers will speak louder than any courtroom silence.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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