Key Findings CABEI has funded major infrastructure projects that have later been engulfed in scandal, where its loans were used to pay bribes, or seen as an easy source of cash by alleged conspirators. Internal audits obtained by reporters show the bank has ignored...
A company administered by two brothers of Salvadoran President Nayib Bukele, Global Motors S.A. de C.V., received 16 checks from Banco Hipotecario, a state-owned bank, totaling $118,143.23 USD. The funds came from the ‘black budget,’ or secret presidential fund, of...
At 7:30 a.m. this Monday, Patricia Álvarez received a call from the United States in which a friend offered condolences for the death of Alejandro, her son, who has been in prison since August 9th, after being arrested for multiple crimes. This occurred days after he...
Ernesto Muyshondt, the former mayor of San Salvador and once a political ally of President Nayib Bukele, last appeared on camera in early August during a virtual hearing where he appeared before a judge from the prison where he is being held. Muyshondt looked haggard,...
Guatemala’s President-Elect, Bernardo Arévalo, stated that the registration of Salvadoran President Nayib Bukele “clearly questions the democratic principles” of the Republic and that he also observes that “there are a series of data indicating...
U.S. Senator Cynthia Lummis, who has become a cryptocurrency advocate in her country, sent a letter on October 26 to the U.S. Attorney General, Merrick Garland, urging the United States Department of Justice to “quickly investigate” Binance and Tether....