Institutional flaws exposed by Koriun case worsen Xiomara Castro’s credibility crisis
The pyramid scheme run by Koriun Inversiones has rocked Honduras at a time of institutional decline and political polarization. With more than 35,000 people affected, mainly in working-class areas in the north of the country, the case has not only exposed the fragility of the financial supervision system, but has also presented Xiomara Castro's government with one of the most complex challenges of her term in office.The unsupervised management and downfall of the planFor many years, Koriun Inversiones functioned unlawfully, offering a 20% monthly profit without official registration or oversight by the National Banking and Insurance Commission (CNBS). In spite…