El Salvador to investigate another ex-president

AP News
Posted: Mar 07, 2016 3:52 PM
El Salvador to investigate another ex-president

SAN SALVADOR, El Salvador (AP) — El Salvador's supreme court ordered an investigation on Monday against former President Tony Saca for alleged illicit enrichment.

Saca held office from 2004 to 2009 for the rightist Nationalist Republican Alliance.

The court ordered that five bank accounts linked to Saca and his wife be frozen. It also ordered the temporary seizure of several properties linked to the ex-president.

It said Saca had not clarified the origins of $5 million of the $6.5 million in assets he acquired during his time in office.

Saca, a former radio sports announcer, declared his fortune at $3.6 million when he took office. Five years later, it had grown to $13.1 million.

The court also issued a ban on stock transfers between Saca and his relatives in several media companies in which the ex-president is allegedly involved.

Former President Mauricio Funes who succeeded Saca is also under investigation of illicit enrichment. And former President Francisco Flores was awaiting trial for his alleged diversion of millions of dollars in earthquake aid to his political party before he died in January of a cerebral hemorrhage.