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Cartes Jara, Horacio Manuel

Cartes Jara, Horacio Manuel, 1956–, Paraguayan businessman and political leader. The son of a businessman who owned an aircraft franchise, Cartes studied aviation in the United States. At 19 he invested in a currency exchange company that eventually became Paraguay's large Arambay Bank his business empire grew to also include tobacco, soft drink, food production, and other holdings. One of the wealthiest men in Paraguay, he was several times implicated in illegal activites (currency fraud, drugs, and money laundering) but denied any involvement. Though before 2008 he was not registered to vote, he joined the conservative Colorado party in 2009 and was its presidential candidate in the 2013 election, which he won handily.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

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