Jan 27 - A Nicaraguan court declared Bayardo Arce, a long-time ally and economic adviser to President Daniel Ortega, guilty of money laundering, the Nicaraguan Attorney General’s Office said in a statement on Tuesday.

Arce, who was also one of the nine Sandinista commanders that governed the Central American nation in the 1980s, was found guilty alongside his personal assistant, Ricardo Bonilla. Arce's wife and her brother, who are both in exile, were named as co-conspirators in the scheme.