Politics, Business & Culture in the Americas

Former Costa Rican President Sentenced for Corruption

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Rafael Ángel Calderón led Costa Rica from 1990 to 1994 and had planned to run in the February 2010 presidential elections, but is now facing the possibility of five years in jail. The sentence—delivered on Monday—is expected to be appealed.

Under house arrest since 2004, Calderón was found guilty of embezzling at least $8.6 million from a $40 million Finnish loan for the country’s social security fund. The money was then distributed among government employees, businesspeople and politicians.

He is the country’s first former head of state to be tried for corruption.

Tags: corruption, Costa Rica, Rafael Calderon
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