Alleged Financial irregularities during the Manuel Zelaya administration was an incident in Honduran politics in 2008 that related to squandering and embezzlement of presidential expenses.
[1] One of the early instances of alleged financial irregularities in the administration was a contract to resurface 94 miles of road from Tegucigalpa to Danli.
A joint investigation by auditors in Honduras has so far identified alleged squandering of presidential expenses amounting to 123,025,613.63 lempiras.
[citation needed] Zelaya allegedly earmarked 5.4 million lempiras on mobilizing supporters of the country's accession to the Bolivarian Alternative for the Americas (ALBA), an organization founded by Hugo Chávez.
[9][10] Julio Raudales, Zelaya's former deputy minister, said the budgetary black hole cost the country some $400 million in funding.
"[10] On September 30, 2008 Zelaya issued emergency executive decree 46-A-2208, which authorized transfer of 30 million lempiras of public money to advertising of his fourth ballot box.
[14] On June 24, Enrique Flores Lanza, Zelaya's chief of staff, withdrew millions of dollars from the Central Bank of Honduras.