Former Panama President’s Sons Return After U.S. Conviction for Money Laundering & More Trending News

 

PANAMA CITY (Reuters) – Two sons of former Panamanian President Ricardo Martinelli returned to their nation on Wednesday, after serving a sentence within the United States for cash laundering in a case linked to the Odebrecht scandal, a spokesperson for the household mentioned.

The sons of Martinelli – Luis Enrique Martinelli and Ricardo Alberto Martinelli – pleaded responsible of performing as intermediaries for some $28 million in bribes paid by Brazilian development agency Odebrecht to a Panamanian official whereas their father was president from 2009 to 2014.

They have been sentenced to a few years in jail, which they served partly in Guatemala and New York.

The brothers’ legal professionals informed native media earlier on Wednesday a charge of $14 million had been paid so they might not be put again in detention.

U.S. Secretary of State Antony Blinken issued an announcement additionally on Wednesday saying the federal government will bar Martinelli from coming into the nation attributable to his position in acts of corruption.

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Odebrecht confessed to having paid hundreds of thousands in bribes in Latin America because the mid-2000s to acquire sought-after public contracts.

In Panama, the investigation implicated round 100 folks, together with former presidents Martinelli, and his successor Juan Carlos Varela, who left workplace in 2019.

The arrival of the brothers has brought on a stir in Panama because the nation is making ready for its 2024 common elections, through which Martinelli will search to be elected president for a second time period regardless of pending trials.

(Reporting by Elida Moreno; Writing by Valentine Hilaire; Editing by Sarah Morland & Simon Cameron-Moore)

Copyright 2023 Thomson Reuters.

Former Panama President’s Sons Return After U.S. Conviction for Money Laundering

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Former Panama President’s Sons Return After U.S. Conviction for Money Laundering

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Former Panama President’s Sons Return After U.S. Conviction for Money Laundering

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