Former Guatemalan leader pleads guilty in U.S. court

Reuters News
Posted: Mar 18, 2014 11:51 AM

NEW YORK (Reuters) - Former Guatemalan President Alfonso Portillo pleaded guilty to a charge of money-laundering conspiracy in a federal court in New York on Tuesday.

"I'm guilty, your honor," he said through a translator.

U.S. prosecutors had accused Portillo of laundering tens of millions of dollars that they said he embezzled from the Guatemalan government. Portillo was president of Guatemala from 2000 to 2004.

A Guatemalan court cleared him of embezzlement charges in May 2011, but the country's Supreme Court later endorsed an extradition request from the United States.

University Corruption
Walter E. Williams

(Reporting by Nate Raymond; Editing by James Dalgleish)