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El Salvador prosecutors: Saca officials embezzled £201 million

Prosecutors in El Salvador say government officials embezzled at least 246 million dollars (£201m) during Tony Saca's 2004-2009 presidency.

Jorge Cortez, head of the prosecutors' financial investigations office, said 116 million dollars (£95m) in government cash was transferred to accounts held by employees of the president's office and was later channelled to private firms. Some of the money went to Mr Saca's businesses, he said.

Former radio sports announcer Mr Saca was arrested on Saturday and faces charges of alleged illicit enrichment, unlawful association and money laundering.

Police said six former officials in his government were also arrested.

Former president Mauricio Funes, who succeeded Mr Saca, is under investigation for corruption. Mr Funes has taken asylum in Nicaragua.

Another former president, Francisco Flores, died last January while awaiting trial for allegedly diverting millions of dollars in earthquake aid.



From Belfast Telegraph