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El Salvador Court to Try Former President for Money Laundering


El Salvador's former president Antonio Saca waits for his hearing on corruption charges in Santa Salvador, El Salvador, May 16, 2018.
El Salvador's former president Antonio Saca waits for his hearing on corruption charges in Santa Salvador, El Salvador, May 16, 2018.

A former president of El Salvador will go on trial on charges of embezzlement and money laundering involving more than $300 million, a tribunal in the Central American nation decided on Wednesday.

A San Salvador judge said Antonio Saca, who was president from 2004 to 2009, and six other former high-level public officials would face trial for the charges that could see them imprisoned for up to 25 years.

Saca and the other defendants are accused of diverting funds from the treasury to personal bank accounts to benefit individuals, companies connected to the former president and advertising for his Nationalist Republican Alliance (ARENA) party.

Saca, 53, says he is innocent, and his lawyer, Mario Machado, said they were studying the tribunal’s decision. Saca was detained in October 2016 during one of his son’s weddings.

The judge will keep Saca and the other accused people detained, said a prosecutor, who asked not to be identified because of safety concerns.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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