Former Presidents Indicted For Money Laundering In El Salvador

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Former El Salvador President Elias Antonio Saca is once-again being accused of financial irregularities, stemming from a US$10 million Taiwan grant provided to the Central American nation, and which was allegedly misused, according to Prensalibre.

The Prosecuter’s Office of El Salvador this week announced it would proceed with indictments against jailed former president, Elias Antonio Saca, along with deceased former President Francisco Flores, exiled former President Mauricio Funes, banker Mauricio Samayoa, and two of Saca’s collaborators, Gerardo Balzaretti, and Juan Tennant Wright.

The charges leveled against the men stem from a deal involving Taiwan, whereby the Asian nation granted El Salvador US$10 million “to execute four projects,” but according to German Arriaza, the head of the corruption and impunity unit of the prosecutor’s office, the defendants were found to be “actively involved” in the crime of money laundering.

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