No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeGuatemalaGuatemala to seize disgraced ex-leader's bank accounts in Europe

Guatemala to seize disgraced ex-leader’s bank accounts in Europe

GUATEMALA CITY — Guatemala is seeking to confiscate European bank accounts linked to former president Alfonso Portillo, a court official said Friday, the day after a U.S. court sentenced him to nearly six years for corruption.

The Guatemala government has asked judicial authorities to freeze accounts in Luxembourg, France and Switzerland, which authorities here believe total about three million euros (around $4 million).

Marco Antonio Villeda, the judge in Guatemala in charge of the case against Portillo, said the accounts are in the names of the former leader’s ex-wife and his daughter.

Portillo was sentenced in New York on Thursday to five years and 10 months in prison, and was also ordered to repay $2.5 million.

He was extradited to the United States from his home country a year ago, and pleaded guilty in March to trying to launder through U.S. banks bribes Taiwan paid to Guatemala.

The bribes were aimed at getting the Central American nation to offer diplomatic recognition to Taipei over Beijing.

By entering a guilty plea and agreeing to re-pay to the United States the bribes received from Taiwan, he avoided a maximum sentence of 20 years.

The disgraced former president, who led Guatemala between 2000 and 2004, has been detained since January 2010.

Counting time already served, he is expected to serve only another year and a half in prison, a US court ruled.

Still unresolved is whether Portillo will serve the remainder of his prison term in the United States or Guatemala, as requested by the defense.

Trending Now

Multi-vehicle crash leaves General Cañas gridlocked

A violent multi-vehicle crash on the Autopista General Cañas (Route 1) late Thursday night triggered hours of closures and heavy congestion Friday morning on...

U.S. Pauses Immigrant Visa Processing for 75 Countries

The United States said Wednesday it was suspending the processing of immigrant visas from 75 countries, President Donald Trump's latest move against foreigners seeking...

U.S. Real ID Rules Tighten for Domestic Flights, Impacting Costa Rica Travelers

U.S. airport security checkpoints have required REAL ID compliant identification for domestic flights since May 7, 2025, a rule that still catches some Costa...

New Private Aviation Hub Coming to Costa Rica’s Liberia Airport

Signature Aviation plans to build and operate a new general and business aviation terminal at Guanacaste Airport in Liberia, a move the company says...

Costa Rica Presidential Candidates Spar in Tense Debate

Costa Rica’s presidential candidates squared off in the first official debate hosted by the Tribunal Supremo de Elecciones (TSE) yesterday, marking a key moment...

Camila Osorio Targets Deep Run at 2026 Australian Open

As the tennis world turns its eyes to Melbourne Park for the 2026 Australian Open, Colombia's Camila Osorio stands out as a player ready...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica