He was bound from Belize to Panama a week ago when he was busted in Salvador with undeclared cash. We've been trying to get details on the arrest for the past week and only today have details surfaced from the media in El Salvador.
This man, Mario Francisco Bolaños Sandoval, is accused of money laundering in Salvador. An article appearing in the Prensa Grafica says that he left Belize on Wednesday headed for Panama.
The Magistrate in an area known as San Luis Talpa gave directives for the formal arrest and remand of Bolanos Sandoval. He is accused of money and asset laundering.
Airport authorities in Salvador found him with a sum of $319,060 wrapped in carbon paper, was found in a hidden compartment in his hand luggage. Authorities have not been Abel to prove that the money comes from legal activities.
Miguel Angel Flores, defense lawyer for the accused, said that his client is a clothing merchant and at the time of detention he was headed to Panama to buy merchandise. He added that the fact that Bolaños is able to justify the origin of the money.
We have not been able to determine what was Bolanos' business in Belize.
