Honduras Confiscates Grupo Continental Assets

  • 9 years ago
Following the Honduran government's decision to close Banco Continental, it has now moved to confiscate 19 properties belonging to the business group headed by banker Jaime Rosenthal and his son Yani. The two, along with another family member, have been charged by a U.S. court with laundering profits from drug trafficking. Grupo Continental is one of the top conglomerates in Honduras and accounts for 5% of the country's GDP. Gerardo Torres reports from Tegucigalpa. teleSUR

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