Los Portales
blackanddecker
Nestle
Grupo Hotelero Islazul
Tigo
Instituto Hondureño de Turismo
Barceló Solymar
Agexport
MAD-HAV Enjoy Travel Group
INOR
Walmart
Intecap
Servicios Médicos Cubanos
Realidad Turística
Irtra
Herbalife
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
CUN-HAV Enjoy Travel Group
Cubasol
Cervecería Centroamericana S.A.
AVA Resorts

After Guilty Pleas, Panama Wants to Recoup Illicit Gains from Martinelli Sons

Date:

Share:

AVA Resorts
Grupo Hotelero Islazul
Realidad Turística
blackanddecker
Los Portales
Herbalife
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Nestle
INOR
Intecap
Irtra
Cervecería Centroamericana S.A.
Servicios Médicos Cubanos
Instituto Hondureño de Turismo

Panama’s government said on Wednesday it wanted to recover millions of dollars in ill-gotten gains made by two sons of a former Panamanian president who have pleaded guilty in the United States to money laundering.

The sons of former President Ricardo Martinelli – Luis Enrique Martinelli and Ricardo Alberto Martinelli – entered guilty pleas this month after U.S. prosecutors accused them of acting as intermediaries for some $28 million in bribes from Brazilian construction company Odebrecht to a Panamanian official while their father was president from 2009 to 2014.

Panama’s attorney general’s office said in a statement it sent the U.S. Department of Justice the restitution requests last Friday, describing the Central American country as the “victim” of the brothers’ crimes.

In a statement, the U.S. Embassy in Panama said Ricardo Martinelli admitted conspiring with his brother Luis and others to create offshore bank accounts for front companies to receive and cover up over $28 million in bribes from Odebrecht.

The case stems from Odebrecht’s own guilty plea from 2016 in which the firm admitted engaging in bribery and money laundering related to the payment of more than $700 million in bribes to officials across Latin America in order to win contracts.

The elder Ricardo Martinelli has not been convicted of any crimes, but he remains under investigation in Panama due to a separate ongoing probe concerning Odebrecht. He has consistently maintained his innocence and described himself as the victim of political witch hunts. (Reuters)

Grupo Hotelero Islazul
Nestle
MAD-HAV Enjoy Travel Group
Cervecería Centroamericana S.A.
Walmart
Instituto Hondureño de Turismo
AVA Resorts
Irtra
Los Portales
blackanddecker
INOR
Barceló Solymar
Cubasol
Intecap
Herbalife
Tigo
CUN-HAV Enjoy Travel Group
Realidad Turística
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Servicios Médicos Cubanos
Agexport
Hotel Barcelo Solymar
Havanatur
Revista Colombiana de Turismo Passport
Vuelos a Cuba
Maggi - GLUTEN-FREE
Tigo
Intecap
Irtra
Cubacel
Hotel Holiday Inn Guatemala
AirEuropa
Barcelo Guatemala City

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

This North East African Country Welcomes Over 15.7 Million Tourists Last Year and An Addition 40,000 New Hotel Rooms are in Pipeline

Estimated reading time: 3 minutes In a year marked by global uncertainties and regional geopolitical challenges, Egypt’s tourism sector achieved an impressive milestone, welcoming a...

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...
Hotel Barcelo Solymar
Irtra
Havanatur
Revista Colombiana de Turismo Passport
Maggi - GLUTEN-FREE
Vuelos a Cuba
AirEuropa
Barcelo Guatemala City
Hotel Holiday Inn Guatemala
Intecap
Cubacel

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Cervecería Centroamericana S.A.
Walmart
Irtra
MAD-HAV Enjoy Travel Group
Servicios Médicos Cubanos
Grupo Hotelero Islazul
Agexport
Tigo
Barceló Solymar
Nestle
Los Portales
Herbalife
blackanddecker
Cubasol
Realidad Turística
Intecap
INOR
AVA Resorts
Instituto Hondureño de Turismo
Centro Nacional de Cirugía de Mínimo Acceso de Cuba