El Salvador

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El Salvador orders arrest of ex-president Sanchez Ceren in graft probe

El Salvador has ordered the arrest of former president Salvador Sanchez Ceren and nine top officials from a past administration as part of a money laundering and corruption probe, the Attorney General’s office said on Thursday. The office said Sanchez Ceren was out of the country, but five former high-ranking… Read More

Fate of Pension Funds a Mystery in Latin America

By Julett Pineda Sleinan, OCCRP, 6 July 2021 OCCRP — Pension Fund Administrators in Latin America have used hundreds of millions of dollars in worker savings to finance dubious private companies and buy government debt, a new cross-border investigation has revealed. A dónde va mi pensión… Read More

Unclear Criteria Undermine US Corruption List in Central America

By Parker Asmann and Alex Papadovassilakis, InSight Crime, 5 July 2021 InSight Crime — The United States has released a highly-anticipated report on corrupt actors in El Salvador, Guatemala, and Honduras, but the lack of clear criteria for those placed on the list may undermine efforts to create a… Read More
2nd July 2021
Central American presidential aides, top judges and former presidents were put on a U.S. State Department list on Thursday that names individuals the U.S. government accuses of corruption, obstructing justice, or undermining democracy. The so-called Engel List was created under a law sponsored by then-U.S. Representative Eliot Engel and enacted… Read More
25th June 2021
A new law that will formally designate Bitcoin as legal tender in El Salvador later this year is expected to increase the regulatory, financial and operational risks of banks in the Central American nation, according to Fitch Ratings. In a national address… Read More
8th June 2021
The bitcoin conference had boisterous, ebullient atmosphere, complete with droves of cryptocurrency fanatics, a busy bar, a raffled-off Lamborghini and a skateboard demonstration. But the two-day gathering, convened in Miami over the weekend, also included a potential milestone moment in global economic policy: The president of El Salvador announced that… Read More
26th May 2021
By Seth Robbins, InSight Crime, 25 May 2021 InSight Crime — A business magnate who was an alleged leader of El Salvador’s Texis Cartel has escaped justice once again after a court dropped money laundering charges against him. An El Salvador appeals court on May… Read More
18th May 2021
A U.S. State Department report on Central American officials “credibly alleged” to be corrupt includes a member of Salvadoran President Nayib Bukele’s cabinet and a former minister, according to an extract of the document leaked on Monday. The report also includes two opposition figures and a lawmaker in Bukele’s alliance. Read More
4th May 2021
By Alex Papadovassilakis and Seth Robbins, InSight Crime, 3 May 2021 InSight Crime — The decision by legislators aligned with El Salvador’s President Nayib Bukele to oust the country’s top prosecutor may spell the end of several crucial organized crime cases. On May 1, Congress… Read More
7th January 2021
A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of “illicit enrichment” and ordered them to return $4.4 million to state coffers, authorities said. Prosecutors had found irregularities in the couple’s wealth declaration and accused both of transferring public… Read More
17th August 2020
AP – Prosecutors in El Salvador presented charges of bribery, money laundering and criminal conspiracy Friday against former President Mauricio Funes, who has fled to Nicaragua. The charges allege that Funes, his companion, Ada Mitchell Guzmán, and several others defrauded the government of almost $50 million. Funes, who was… Read More
22nd April 2020
Latin American governments have implemented some of the swiftest measures in the world to prevent the spread of the novel coronavirus. El Salvador closed its borders to foreign travelers and imposed a national quarantine on March 12, a full week before the country registered its first case of COVID-19, the… Read More
20th September 2019
A court handed down a two-year prison sentence for bribery to former Salvadoran President Elias Antonio Saca, the attorney general’s office said on Thursday. Saca, 54, who is already serving a 10-year prison sentence for misuse of public funds and money laundering, was found guilty of having offered $10,000 to… Read More