Thursday, April 24, 2014   

Taipei showered El Salvador ex-president Flores with millions in payments via Bank of New York
(01-08 13:59)

Salvadoran ex-president Francisco Flores (Pictured) admitted to a congressional panel that he had received checks worth millions of dollars from Taiwan, but denied the funds were for his personal use.
“I handed in those checks [from Taiwan] for their appropriate use at all times,'' said Flores, 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, AFP reports.
Funes recently charged that three checks -- for US$1 million, US$4 million and US$5 million – were issued by the Bank of New York, on behalf of Taiwan, and endorsed by Francisco Flores.
The checks 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 particular 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.
   
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