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UFERCO indicts two former Honduran presidents for fraud

Tegucigalpa, Oct 12 (Prensa Latina) A Honduran Specialized Prosecution Unit against Corruption Networks (UFERCO) reportedly indicted two former Presidents, Porfirio Lobo and Juan Orlando Hernández, for fraud in the Pandora II case.

UFERCO issued a fiscal demand against eight former officials. In the case of Hernández, he was also charged with money laundering of more than 62 million lempiras (about USD$2.5 million).

A press release -posted on social media- states that the indictment also includes former Finance Minister Wilfredo Cerrato and Jorge Handal, former manager of the National Agricultural Development Bank (Banadesa).

In addition, Lilia Bográn and James Medina, former administrative managers of the Ministry of Finance, Roberto Alonso, budget director of that Ministry, and David Ortiz, former financial director of Banadesa, were accused of violating public officials’ duties and fraud.

The eight former senior officials formed, between 2010 and 2013, a corruption network that participated in the expansion and approval of disbursements of public funds for more than 288 million lempiras (about USD$11.7 million).

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