07 Jan 2021
A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of “illicit enrichment” and ordered them to return $4.4 million to state coffers, authorities said.
Prosecutors had found irregularities in the couple’s wealth declaration and accused both of transferring public money to their personal bank accounts and to those of broadcasting companies they owned during Saca’s presidency, said Gerver Montoya, an attorney from the prosecutor’s office.
Along with the order to return stolen funds, Saca was banned from public office for 10 years.
The ruling adds to a 10-year prison term Saca received in September 2018 after pleading guilty to money laundering and embezzlement of $300 million during his administration from 2004 and 2009.
By Nelson Renteria, Reuters, 5 January 2021
Read more at Reuters
RiskScreen: Eliminating Financial Crime with Smart Technology
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet