Prosecutors probe Arias Foundation over $1 million Taiwan donation

November 23, 2012

Costa Rican prosecutors are investigating what happened to $1 million of a $2.5 million donation to from Taiwan through the Central American Bank of Economic Integration (CABEI) in 2007, the daily La Nación reported on Thursday.

The aid package was supposed to go toward building housing in Costa Rica, but according to La Nación, only 60 percent of the donation arrived at the Housing Ministry.

The probe is extending to the Arias Foundation, founded by former president and Nobel Prize winner Oscar Arias, whose brother also was recently investigated for management of CABEI funds.

On Jan. 15, 2007, La Nación reported, the Arias Foundation received a donation of $1 million from Taiwan, and that donation is now under investigation by the Prosecutor’s Office. 

A judge ordered banking secrecy protection suspended for the Arias Foundation to enable the investigation to move forward. 

Arias Foundation Director José Alberto Cordero denied that Taiwanese donations to the foundation were intended for public use.

From September 2006 to May 2007, the Arias Foundation received four donations from Taiwan for a total of $1.4 million, La Nación reported.

Facebook Comments

You may be interested

Costa Rica issues invitation to Commission on Human Rights following murder of Bribrí leader
Costa Rica
459 views
Costa Rica
459 views

Costa Rica issues invitation to Commission on Human Rights following murder of Bribrí leader

AFP and The Tico Times - March 23, 2019

Costa Rica on Friday invited the Inter-American Commission on Human Rights (IACHR) to visit indigenous territories in the country’s southern…

Costa Rica falls to Guatemala, 1-0, in soccer friendly
Costa Rica
506 views
Costa Rica
506 views

Costa Rica falls to Guatemala, 1-0, in soccer friendly

AFP and The Tico Times - March 23, 2019

The Guatemalan national soccer team defeated its Costa Rican counterparts 1-0 on Friday night in a friendly in the Guatemalan…

Vaccinating children against measles is ‘an obligation’ for adults in Costa Rica
Costa Rica
913 views
Costa Rica
913 views

Vaccinating children against measles is ‘an obligation’ for adults in Costa Rica

Alejandro Zúñiga - March 23, 2019

Measles have been reintroduced in Costa Rica this year thanks to two foreign families that vacationed or reside here and…