Economics

Guatemala seeks freeze on ex-president's UBS Luxembourg accounts

A Guatemalan court has ordered the freezing of assets held by ex-president Alfonso Portillo in Luxembourg at UBS as well as French and Swiss banks, the nation's top prosecutor said Monday.

23.07.2013

(AFP) A Guatemalan court has ordered the freezing of assets held by ex-president Alfonso Portillo in Luxembourg at UBS as well as French and Swiss banks, the nation's top prosecutor said Monday.

Attorney General Claudia Paz y Paz said Portillo, who was in power from 2000-2004 and is currently being held in the United States for money laundering, had frozen accounts totalling 2.8 million euros in all three countries.