Former Guatemalan President accused of stealing millions

11:37 04/09/2010 » Law

Former Guatemalan President accused of stealing millions

The embezzlement trial of former Guatemalan President Alfonso Portillo, accused of stealing millions of dollars of public funds and wanted in the United States, began Friday in a Guatemalan court.

Portillo, who led the poor Central American nation from 2000 to 2004, is accused of stealing $15 million of funds destined for the Defense Ministry and funneling it to personal bank accounts in the United States and Europe.
Before Portillo can be extradited to face charges of money laundering and embezzlement charges in New York, he must be tried in Guatemala.
Prosecutors in France are also investigating the former head of state on charges of laundering money in French bank accounts.

Source: Panorama.am

Share |

Print version

In case you have found a mistake in the text, please send a message to the editor by selecting the mistake and pressing Ctrl-Enter.

↓ Latest news
Continue

13:45 23/05/2012

14:29
23/05/2012


Calendar