GUATEMALA: The President's $25,000

Topic A in Guatemala City last week was the $25,000 check that an importing firm had issued to the nation's President. When the news broke a fortnight ago that Carlos Castillo Armas had deposited the check to his bank account, he promptly volunteered a calm and reasonable explanation: the $25,000 represented nothing more sinister than the repayment of a personal loan to an old friend, Mario Bolanos García, head of Comercial Guatemalteca. But the explanation left some king-size questions: Why was a personal loan repaid with a check on Comercial Guatemalteca, instead of with Bolanos' personal check? Why did wealthy...

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