President Nayib Bukele’s family has acquired 34 properties valued at $9.2 million (R$51.52 million) during his five-year tenure in El Salvador. This significant increase in real estate holdings includes luxury homes and coffee farms totaling 231 hectares, prompting an investigation by a media alliance consisting of Redacción Regional, Focos, and Dromómanos.
The report identifies five family members, including Bukele’s brother and advisor Karim Bukele, in connection with these purchases. Karim bought a building in San Salvador’s historic center for $1.3 million (R$7.28 million) shortly after a tax exemption law was passed for investors in the area, raising questions about the timing.
President Bukele responded to the investigation on social media, dismissing corruption allegations and attributing them to George Soros. Despite claiming his administration is not perfect, he faced criticism for stigmatizing and monitoring journalists. The ongoing tension between the government and the press in El Salvador highlights the importance of a free and fair press.
The renovation of San Salvador’s historic center, a priority for President Bukele, has been met with scrutiny, particularly regarding the lack of transparency in property transactions.
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