A former high-ranking government official in Guatemala has pleaded guilty in Miami federal court to conspiring to commit money laundering while paying hundreds of thousands of dollars in bribes to Guatemalan politicians through the U.S. banking system. Acisclo Valladares Urruela, the former economics minister in Guatemala, admitted that he transferred $350,000 in bribery payments to the unidentified Guatemalan politicians through two companies with bank accounts in Miami, according to a factual statement filed with his plea agreement. Valladares also acknowledged that he received $140,000 for moving the dirty money into those accounts, the statement says. Valladares paid the illegal bribes on behalf of a telecommunications company known as Tigo, for which he worked as a corporate officer. As a result of the payoffs, Guatemalan politicians passed a law that paved the way for the telecommunications company to obtain a series of lucrative government contracts in Guatemala, according to court records. The corrupt dealings allowed Valladares to benefit personally and politically, U.S. authorities said.
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