Former El Salvador President Pleads Guilty to Money Laundering

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Former El Salvadoran President Antonio Saca pleaded guilty in court to embezzlement and money laundering involving more than $300 million during his government, his lawyer said on Tuesday, as Saca sought to reduce his prison sentence.

Saca pleaded guilty in July in a document sent to the attorney general in exchange for reducing his sentence from 30 to 10 years in prison, said his lawyer Lisandro Quintanilla, who attended the trial at a San Salvador court.

Prosecutors said they accepted the confession and asked the judge to provide a quick ruling.

“This is an abbreviated procedure, it does not mean that the case has been lost, in fact, we are proposing a prison sentence of 10 years for the former president of the Republic,” said Jorge Cortez, head of the attorney general’s financial investigation unit.

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