Money laundering: Former El Salvador president sentenced to 10 years in prison
13 Sep 2018

An El Salvador tribunal sentenced former President Antonio Saca to 10 years in prison on Wednesday after he pleaded guilty to embezzlement and money laundering charges involving more than $300 million of public funds.

Saca, 53, pleaded guilty to the charges last month. His lawyer said at the time that he had pleaded guilty in exchange for a reduction in his prison sentence.

During the trial, prosecutors said Saca had appropriated public funds for himself and others, including taking more than $7 million for his former party, the right-wing Nationalist Republican Alliance (ARENA).

Five years of the sentence were for money laundering, and five for embezzlement. He also has to give back $260 million to the state.

By Reporting by Nelson Renteria, Reuters, 12 September 2018.

Link to Reuters.

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