El Salvador: 10 Arrested for Helping Ex-President Launder US$ 22 Million

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Authorities in El Salvador said they arrested 10 peoplefor helping former President Elias Antonio Saca launder US$ 22 million of public money.

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February 17th, 2017
Money Laundering Police

According to the chief prosecutor, the suspects were part of an organized network that helped the former leader redirect millions through radio stations owned by the Samix Group—a media company founded by the President and his wife.

Saca’s brother in law and a prominent publicist were among those arrested. Four suspects remain at large.

Late Wednesday and early Thursday morning police raided three advertising agencies and an accounting firm searching for evidence.

The former president was arrested in November 2016 along with several other former officials for illegally diverting approximately US$ 246 million from the National Treasury.