No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeCementazoLegislative committee requests ethics sanctions against Costa Rican president

Legislative committee requests ethics sanctions against Costa Rican president

A legislative committee charged with investigating alleged traffic of influences related to the import of Chinese cement accused Costa Rican President Luis Guillermo Solís of a “lack of probity” related to his role in allegedly pressuring institutions to facilitate the imports.

These criticisms of the president were included in the final report of the committee that investigated loans of more than $30 million from Costa Rican public banks to the cement importer, a case that has exposed irregularities in all three branches of government.

“[The president’s] decisions did not befit [his duty of] impartiality, nor the objectives of the institutions with which he works. He failed to watch over the administration of public resources according to the principles of… effectiveness, economy, and efficiency,” states the report, released Monday night.

President Solís refuted this claim and stated that “I have never instructed any official to violate any legal system or intercede before a company or specific person. Whoever says the contrary lacks the truth.”

He made the comment in a video posted to his Facebook account:

https://www.facebook.com/luisguillermosolisr/videos/1915483458481164/

The cement scandal, popularly known in Costa Rica as the #Cementazo, revolves around businessman Juan Carlos Bolaños, accused of having exerted political pressure and offered favors in exchange for not only a regulations change that allowed him to import the cement from China, but also multi-million dollar loans from public banks that he received without the usual requirements.

Bolaños is in preventive prison for this case along with six senior bank officials from the Banco de Costa Rica (BCR) as part of an investigation of traffic of influences.

Additional impact of the case has included the replacement of the entire BCR board of directors, and the suspension of Supreme Court magistrate Celso Gamboa and Chief Prosecutor Jorge Chavarría while their alleged participation in the case is investigated.

Former Vice Minister of Finance Fernando Rodríguez resigned from his position after being accused of exerting pressures to favor the import of the Chinese cement.

The 294-page report asks the government’s Ethics Office for sanctions against Solís and 28 other people, including members of his administration, legislators, judges and others (review the detailed list as published by the daily La Nación here).

How Costa Rica’s cement market became a hotbed of intrigue

Trending Now

Costa Rica Named Among Top Destinations for Solo Travelers

Costa Rica has been included among 25 of the world’s best destinations for people traveling alone in a 2026 selection by Travel + Leisure,...

Colombia Quake Death Toll Passes 200 as Rescue Efforts Intensify

The death toll from the powerful earthquake that struck western Colombia yesterday has climbed above 200 as rescue crews continue searching collapsed buildings and...

The Panama Canal Opened 112 Years Ago Today

Twelve years of digging, an estimated 27,500 deaths and roughly $375 million ended quietly on the morning of August 15, 1914, when a single...

Playa Blanca Parking Lot Closes Amid Costa Rica Beach Access Dispute

Those heading to Playa Blanca at Punta Leona will face another change in how they reach one of Costa Rica's most popular Central Pacific...

Costa Rica Gives Final Approval to “Macho Coca” Extradition

Costa Rica has authorized the immediate extradition of Gilberth Bell Fernández, the Limón businessman known as “Macho Coca,” clearing the final judicial hurdle for...

Is Panama the New Costa Rica? A 2026 Expat & Real Estate Investor Comparison

For decades, Costa Rica was the undisputed poster child of Central American expat life. However, a quiet reshuffling of priorities is underway, and a...

New York Lawyers Group Raises Alarm Over Costa Rica Court Budget Cuts

One of the oldest and largest bar associations in the United States has asked two international bodies to keep watch over Costa Rica's judiciary,...

Powerful Earthquake Strikes Colombia’s Pacific Coast

A powerful earthquake struck western Colombia on Monday morning, damaging buildings in the Pacific department of Chocó and sending office workers into the streets...

Costa Rica’s “Pecho de Rata” Weighs Possible U.S. Plea Deal

Edwin Danney López Vega, the Costa Rican alleged drug trafficker known as “Pecho de Rata,” could avoid a full jury trial in the United...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel