President Bukele praised the late police chief as “a elementary a part of bringing peace and safety to our folks”.
Mr Bukele stated he would request worldwide assist to look at the causes of the crash.
El Salvador’s Armed Forces stated the UH-1H helicopter got here down close to Pasaquina, some 10km (six miles) from the border with Honduras.
The helicopter was carrying Police Chief Arriaza, Mr Coto and a TV information crew, based on native media.
All these on board died within the crash, the Salvadorean army stated.
Mr Arriaza had travelled to the Honduran border to take Mr Coto into custody.
Honduran officers stated police had captured the previous financial institution director as he was attempting to make his option to the US with the assistance of a people-smuggler.
Information of his arrest triggered shock and confusion because it was not broadly recognized that he had been on the run.
The truth is, the Salvadorean authorities had introduced again in July that Mr Coto had been detained in Panama.
It’s not clear how he got here to be in Honduras.
Mr Coto was considered one of 32 folks accused of embezzlement and money-laundering over the disappearance of $35m from the coffers of the COSAVI credit score union.
El Salvador’s attorney-general accused the group of syphoning off cash from folks’s financial savings and utilizing it to purchase luxurious flats and automobiles, amongst different objects.
In complete, 15 folks have been detained in reference to the case. Amongst them are Mr Coto’s dad and mom.