• Costa Rica Coffee Guide

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

Costa Rica cuts contributions to political campaigns to contain deficits
Costa Rica
3714 views
Costa Rica
3714 views

Costa Rica cuts contributions to political campaigns to contain deficits

The Tico Times - January 21, 2021

Costa Rica put into effect on Wednesday a law that severely cuts state contributions to political parties for the 2022…

‘Multilateralism is back!’ How Costa Rica’s leaders celebrated U.S. inauguration
Costa Rica
282 views
Costa Rica
282 views

‘Multilateralism is back!’ How Costa Rica’s leaders celebrated U.S. inauguration

Alejandro Zúñiga - January 20, 2021

Costa Rican leaders on Wednesday congratulated Joe Biden as he was sworn in as the 46th President of the United…

Current flights to Costa Rica: SJO and LIR
Costa Rica
3130 views
Costa Rica
3130 views

Current flights to Costa Rica: SJO and LIR

Alejandro Zúñiga - January 20, 2021

These are the airlines and routes currently flying to Costa Rica. The flight information was provided by the operators of…