Peru clears Aero Continente founder of drug links

Reuters

March 28, 2002

LIMA, Peru, — A Peruvian court has cleared the founder of Peru's leading airline, Aero Continente, of charges he laundered drug money, a judicial official said on Thursday.

''The court concluded there was insufficient proof on the charges that (Aero Continente founder Fernando Zevallos) laundered drug money,'' a court official, who requested anonymity, told Reuters.

The official said the prosecutor was appealing the ruling, which was made late on Wednesday.

Zevallos, the brother of Aero Continente's current president, was charged with accepting $1 million in drug money to found the airline, which controls 60 percent of Peru's air traffic and is one of Latin America's fastest-growing air carriers.

snip-

Read Complete Article Here