Ex-Guatemalan leader Portillo indicted for money laundering

NEW YORK – Former president of Guatemala Alfonso Portillo has been indicted by a federal grand jury in New York on money laundering charges. Portillo, who led Guatemala from 2000 to 2004, has been charged with embezzling almost $4 million earmarked for the country’s ministry of defence in 2001, $1.5 million donated by the Taiwanese government to buy books for Guatemalan schools, and funds from the reserves of a state-owned Guatemalan bank. He is being held in Guatemala, after also being accused

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