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Former Paraguayan President Convicted on Corruption Charge

Former Paraguayan President Luis Gonzalez Macchi has been sentenced to six years in prison on corruption charges.

A Paraguayan court Monday found Gonzalez Macchi guilty of embezzling $16 million from two collapsed banks.

The sentence was read live on television. Prosecutors had sought a 10-year term.

Gonzalez Macchi's lawyers say they will appeal the decision.

Gonzalez Macchi assumed power in 1999 after the assassination of Vice President Luis Argana. He served until 2003.

Some information for this report was provided by AFP, AP and Reuters.