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United States Seeks Extradition of Former Guatemalan President Accused of Laundering in U.S. Banks
By Colby Adams
printThe United States has asked Guatemala to extradite former Guatemalan president Alfonso Portillo for allegedly laundering embezzled funds through at least three U.S. bank branches, according to court documents. Alfonso Portillo allegedly transferred tens of millions of dollars tied to an embezzlement scheme through several U.S. banks, including International Bank of China in New York, Hamilton Bank, S.A. in Miami, International Bank of Miami, and the London branch of the now defunct Washington, D.C.-based Riggs Bank, N.A., federal prosecutors said in a Jan. 25 indictment filed in the Southern District of New York. Other banks Portillo may have used to...
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