Business Standard

Salvadoran ex-president admits Taiwan payments

Image

AFP San Salvador
Salvadoran ex-president Francisco Flores has admitted to a congressional panel that he had received cheques worth millions of dollars from Taiwan but denied the funds were for his personal use.

"I handed in those cheques (from Taiwan) for their appropriate use at all times," said Flores yesterday, who was president from 1999-2004.

President Mauricio Funes last month suggested to reporters that the missing funds might have been skimmed or misused, and said prosecutors would call Flores in for questioning.

Funes recently charged that three cheques -- for USD 1 million, USD 4 million and USD 5 million -- were issued by the Bank of New York, on behalf of Taiwan, and endorsed by Francisco Flores.
 

The cheques were received by a branch of Banco Cuscatlan in Costa Rica and sent to a bank in the Bahamas, through another bank in Miami, Funes said.

Funes said Taiwan donated the money to El Salvador in the waning months of Flores' presidency, between 2003 and 2004.

But Flores firmly rejected the president's charges about his depositing the funds in his private accounts.

"I would like to say that I have never deposited a check from Taiwan's government in any account; that is key for me, to make clear that I have never deposited a check from Taiwan's government in any account," he stressed.

Later yesterday the government recalled its ambassador from Taiwan for consultations, in protest of what it called delays by Taipei in answering requests for information about the donations.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 08 2014 | 1:55 PM IST

Explore News