Wednesday, October 21, 2020

El Salvador: Former Congress leader Sigfrido Reyes faces money laundering charges

-

Prosecutors in El Salvador said Friday they have issued an arrest warrant for the former head of the country’s congress on money laundering charges.

Attorney General Raul Melara said former congressional leader Sigfrido Reyes and at least 14 associates allegedly laundered about $6 million in proceeds from fraud and embezzlement.

Other suspects have been charged for allegedly selling government property to Reyes’ companies at below-market prices.

Reyes is a former member of the FMLN, the leftist guerrilla coalition that transformed into a political party after the 1992 peace accords.

- Advertisement -

The FMLN held the country’s presidency for much of the 2010s, before losing power in the 2019 presidential elections.

Reyes served as head of the country’s unicameral congress from 2011-2015. He left El Salvador in November, and may be in France or Russia.

In his Twitter account, Reyes called the charges “crude political persecution.”

Melara said Friday that 10 of the 14 associates, including Reyes’ wife, had been captured.

- Advertisement -

MUST READ

Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...

Goldman to pay over $2 billion in DOJ’s 1MDB Probe

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...
Advertisement
Advertisement

Latest News

This Week

N.J consultant admits to bribing former assemblyman Willis Edwards

Federal authorities said a Union County consultant admitted Wednesday to making "corrupt payments" to an Orange Township public official as a reward for that...

Cyprus House speaker quits amid passport for sale scandal

Cyprus’ parliamentary speaker has resigned after an undercover news report allegedly caught him on tape promising to help circumvent the country's rules on granting citizenship to foreign investors. Demetris...

La Joya Housing Authority former maintenance director charged with fraud

The former maintenance director for the La Joya Housing Authority is the latest person to be indicted in a case in which the former...

Pakistan issues arrest warrant against former President Asif Ali Zardari in corruption case

Pakistan`s anti-corruption watchdog, the National Accountability Bureau (NAB) on Thursday issued an arrest warrant against the former president and Pakistan Peoples` Party (PPP) leader...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks