Ex-President rejects Money Laundering Amnesty

On June 11, 2007, ex-president of Nicaragua Arnoldo Aleman rejected a proposed amnesty for his money-laundering conviction.

Aleman, who was the president of Nicaragua from 1992 to 2002, said he will back an amnesty for the sake of reconciliation, but he does not use his name in order to help the ones responsible for crimes committed under the presidency of Enrique Bolanos in 2002-2007.

He also said that he had already served several years of the imprisonment under a new penal code passed by the legislature. Ex-president is serving a 20-year sentence under the Family Cohabitation Regime. According to the regime, he is allowed to stay at home and travel within Nicaragua. Deputies from his right-wing Liberal Constitutionalist Party and the Nicaraguan Liberal Party-Conservative Party, had agreed to offer an amnesty for the ex-president Aleman.

Aleman was convicted of money-laundering, fraud and embezzling 100 million USD in 2003.

Bolanos left his post in January 2007, and currently he and Eduardo Montealegre, his finance minister, are under investigation by the nation’s attorney general for alleged corruption.

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