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What is causing the decline of NATCO Pharma Limited (524816) ✌️【Trading Tools】✌️ Expert predictions of stock trends to help you select high-potential stocks and achieve stable growth. Real-time global market indices, futures, metals, energy, and agricultural product data to help you seize market opportunities. Former President of Honduras Juan Orlando Hernández was found guilty Friday of drug trafficking by an American jury after a two-week trial in Manhattan federal court.

Prosecutors had accused Hernández, 55, of conspiring with drug cartels during his tenure as they moved more than 400 tons of cocaine through Honduras toward the United States. In exchange, prosecutors said, Hernández received millions of dollars in bribes that he used to fuel his rise in Honduran politics.

Hernández was president of Honduras from 2014 until 2022. He was extradited to the United States in 2022 after the completion of his second term in office on charges of conspiracy to import cocaine into the United States, conspiracy to possess firearms and destructive devices for drug trafficking, and possession of this type of weapon during the drug trafficking conspiracy.

During his years in office, Hernández “protected and enriched the drug traffickers in his inner circle,” the Justice Department said, citing his use of executive power to support extraditions of certain drug traffickers to the US “who threatened his grip on power” while “promising drug traffickers who paid him and followed his instructions that they would remain in Honduras.”

Prosecutors also said that members of the conspiracy Hernández participated in relied on the Honduran National Police to protect cocaine loads as they moved through the country.

“He’s still strong, but he’s quite disillusioned,” Raymond Colon, the attorney, said of the former president.

“It’s a tragedy,” he added, calling Hernandez “a noble man who fought for the same goals that the US had in terms of the war against drugs.”

In a statement, US Attorney General Merrick Garland said Hernández “abused his position as President of Honduras to operate the country as a narco-state where violent drug traffickers were allowed to operate with virtual impunity, and the people of Honduras and the United States were forced to suffer the consequences.”

“As today’s conviction demonstrates, the Justice Department is disrupting the entire ecosystem of drug trafficking networks that harm the American people, no matter how far or how high we must go,” he added.

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