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Tag: Alfonso Portillo

N.Y. U.S. Atty Charges ex-Guatemala Pres. With Money Laundering Stolen Cash

Ex-Pres. Portillo

Ex-Pres. Portillo

Update Tues: 4:10 p.m.: The U.S Attorney’s Office announced that President Alfonso Portillo, who had been on the run, was arrested this afternoon in the Guatemalan state of  Izabal.

By Allan Lengel
ticklethewire.com

New York U.S. Attorney Preet Bharara  said former Guatemala President Alfonso Portillo — who is on the run — had converted the presidency into “his personal ATM.”

That pointed remark accompanied an announcement on Monday that the U.S. Attorney’s Office had indicted Portillo for embezzling millions of dollars from charities and government coffers and laundering the money in American and European banks.

“Alfonso Portillo is charged with converting the office of the Guatemalan presidency into his personal ATM,” U.S. Attorney Preet Bharara said in a statement.

He served as president from 2000 to 2004.

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