13th September 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… Read More
17th May 2018
A former president of El Salvador will go on trial on charges of embezzlement and money laundering involving more than $300 million, a tribunal in the Central American nation decided on Wednesday. A San Salvador judge said Antonio Saca, who was president from 2004 to 2009, and six other former… Read More
31st October 2016
El Salvador’s former President Elias Antonio Saca has been arrested over accusations of embezzling millions of dollars of public funds. Prosecutors say six former officials in his government were also held. Mr Saca, 50, has not publicly commented on the accusations. He held office from 2004 to 2009. He… Read More
19th August 2016
Former President Mauricio Funes has reportedly left El Salvador on business as authorities raid properties in search for evidence he committed acts of corruption while in office, a case likely to test the new attorney general’s resolve to combat impunity for high-level politicians. On August 17, El Salvador’s Attorney General’s… Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More