Bolivia to sell rice seized from US businessman - WAOW - Newsline 9, Wausau News, Weather, Sports

Bolivia to sell rice seized from US businessman

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LA PAZ, Bolivia (AP) -- Authorities in Bolivia plan to sell more than 13,000 tons of rice that have been seized from a jailed U.S. citizen.

New York businessman Jacob Ostreicher has been jailed without being charged since June in connection with a money laundering investigation. He says he's innocent.

Moises Aguilera heads a Bolivian agency in charge of handling seized goods and says the rice will be sold in January so that it doesn't go bad.

Lawyer Jerjes Justiniano represents Ostreicher and called the sale illegal. He said on Friday that authorities had not given him an opportunity to appeal.

The lawyer said the proceeds of the rice sale are to be held in a government account and if his client eventually goes free, he is supposed to recoup the money.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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