PDF download

NotiCen PDF file 1997 right arrow Jul

Corruption Scandal Shakes Financial System in El Salvador

ISSN:1089-1560
LADB Article ID: 55134
Category/Department: El Salvador
Date: 1997-07-24
By: LADB Staff

In early July, Salvadoran authorities uncovered a huge embezzlement scheme in two financial institutions. The scandal, which took some US$22.7 million from hundreds of clients, shook the country's financial system, in part because the culprits include some of the country's wealthiest individuals who held high-level positions in the governing Alianza Republicana Nacionalista (ARENA).

This is only an abstract of the requested article. To obtain the full text, please purchase a subscription or inquire with your institution as to its subscription to LADB.