• Costa Rica Real Estate Auction
  • Costa Rica Real Estate

Guatemalan Police Arrest Former Campaign Financer

June 11, 2004

GUATEMALA CITY (AFP) –Embattled banker Francisco Alvarado, afriend of former President Alfonso Portillo(2000-2004), was arrested Tuesday onsuspicion of fraud, according to governmentsources.Alvarado, who was the principalfinancer of Portillo’s 1999 campaign, wasarrested in the southeast department ofSanta Rosa and transported to the capital,according to the National Civil Police.The banker faces a series of charges offraud and abuse of authority that date backto 2001, when Portillo’s government offereda $200 million bailout to the Metropolitanoand Promotor banks, with which Alvaradowas involved. The banks filed for bankruptcyanyway.According to the Prosecutor’s Office,more than 80 charges have been filedagainst Alvarado.

You may be interested

U.S. Embassy tweet of supposed tsunami causes alarm in El Salvador, Central America
Central America
47 views
Central America
47 views

U.S. Embassy tweet of supposed tsunami causes alarm in El Salvador, Central America

AFP and The Tico Times - November 11, 2019

A tweet that warned of a potential tsunami on the Pacific coast caused alarm Monday in El Salvador, where President…

Their future in the United States at stake, ‘Dreamers’ trek to Supreme Court
immigration
22 views
immigration
22 views

Their future in the United States at stake, ‘Dreamers’ trek to Supreme Court

Ariela Navarro / AFP - November 11, 2019

Carolina Fung Feng was resting after the grueling 230-mile walk from New York to Washington for a Supreme Court hearing…

Exciting new opportunity for Costa Rica buyers and sellers
Sponsored content
20 views
Sponsored content
20 views

Exciting new opportunity for Costa Rica buyers and sellers

The Tico Times - November 11, 2019

Bid on three unique Costa Rica properties. You Have Until Tuesday, November 12, 2:00 P.M. Here is some brief background…

Do NOT follow this link or you will be banned from the site!