Salvadoran Prosecutor’s Office charges Funes’ accomplices with money laundering

Funes, who governed under the banner of the left-wing Farabundo Martí National Liberation Front (FMLN) vowing to "change" the corruption of previous administrations, is now the third president of El Salvador to be charged with embezzling public money.

RIO DE JANEIRO, BRAZIL - The Prosecutor's Office of El Salvador on Sunday filed formal charges against 3 ex-employees of Hipotecario Bank, accused of being accomplices of ex-president Mauricio Funes (2004-2009) in the embezzlement of over US$351 million in state funds.

The alleged accomplices, arrested on Friday by Salvadoran authorities, are charged with embezzlement and money laundering and assets, said the Public Prosecutor's Office.

They are the ex-president of Hipotecario Bank Carlos Alberto Ortiz (2009-2011), ex-vice president Carlos Enrique Cruz Arana (2010-2013) and ex-compliance officer Jolman Ayala.

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