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EX-PRESIDENT ARRESTED.

Former Nicaraguan President Arnoldo Aleman has been placed under house arrest after the country's legislators voted to strip him of immunity from prosecution, reports BBC News (Dec. 13, 2002). The vote paves the way for Mr Aleman to face charges of embezzlement and money laundering. Mr. Aleman is alleged to have diverted around US$100 million in public funds to banks in Panama - a sum equal to the government budget for a whole year. He is also accused of misspending US$1.3 million in public funds that were destined for state-controlled television but never arrived there. Mr. Aleman served as president from 1997 until January of this year when his deputy, Enrique Bolanos, took over pledging to clean up the country's corrupt government. The accusations against Mr Aleman first emerged eight months ago. In September, he was removed as head of Congress after half a million people had signed a petition urging his immunity from prosecution be lifted.

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Title Annotation:Arnoldo Aleman arrested for stealing from the government
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:2NICA
Date:Jan 1, 2003
Words:161
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