Former Guatemalan President charged in US
Published:Tuesday | January 26, 2010 | 9:47 AM
Former Guatemalan President, Alfonso Portillo is facing money-laundering charges in the United States.
Portillo has been charged with embezzling tens of millions of dollars in public funds, a portion of which he then laundered through bank accounts located mainly in the United States and Europe.
A grand jury indicted Portillo in a U.S. District Court in New York.
The indictment said Portillo engineered an embezzlement with co-conspirators that occurred from about 2000 through to 2003.
Prosecutors have alleged that the money-laundering took place up to at least 2006.
Portillo was the president of Guatemala from 2000-2004.