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Court freezes bank accounts of Salvador ex-president

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El Salvador's Supreme Court on Monday announced it was freezing bank accounts held by former president Elias Antonio Saca, who is under investigation on corruption charges.

The decision to block his five accounts was made because Saca had been unable to prove the provenance of the money in them, the court said in a ruling.

The ex-leader and his wife were also prohibited from transferring shares they own in five communications companies.

Two weeks ago, the tribunal ordered a civil trial be opened against Saca on suspicion he illegally amassed at least $5 million while ruling the Central American nation between 2004 and 2009.

If illegal enrichment is proved, prosecutors could push for a criminal trial could be opened for corruption.

Another former president of the country is facing similar action. Early last month, the Supreme Court ordered a civil trial of Mauricio Funes, who ruled for five years after Saca, also on suspicion of illegal enrichment to the tune of $700,000.

El Salvador’s Supreme Court on Monday announced it was freezing bank accounts held by former president Elias Antonio Saca, who is under investigation on corruption charges.

The decision to block his five accounts was made because Saca had been unable to prove the provenance of the money in them, the court said in a ruling.

The ex-leader and his wife were also prohibited from transferring shares they own in five communications companies.

Two weeks ago, the tribunal ordered a civil trial be opened against Saca on suspicion he illegally amassed at least $5 million while ruling the Central American nation between 2004 and 2009.

If illegal enrichment is proved, prosecutors could push for a criminal trial could be opened for corruption.

Another former president of the country is facing similar action. Early last month, the Supreme Court ordered a civil trial of Mauricio Funes, who ruled for five years after Saca, also on suspicion of illegal enrichment to the tune of $700,000.

AFP
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