Dozens of agents raided a ranch in the to execute the arrest, Attorney
General Amilcar Velasquez said.
An indictment unsealed Monday in federal
court in alleges that in a four-year
scheme starting in 2000, Portillo embezzled $1.5 million in donations from intended
to buy school library books.
It accused Portillo of endorsing checks drawn
from a New York bank and depositing them in a
account; the money then was transferred to a account in the name of his ex-wife and
Police captured fugitive former President
Alfonso Portillo in northern Guatemala on
Tuesday, a day after US prosecutors indicted him on charges of laundering money
stolen from foreign donations meant to buy children's books.