After guilty pleas, Panama wants to recoup illicit gains from Martinelli sons


  • World
  • Thursday, 16 Dec 2021

FILE PHOTO: Ricardo Alberto Martinelli, son of former Panamanian President Ricardo Martinelli, sits in a car after a hearing where he accepted extradition to the U.S. on money laundering charges, in Guatemala City, Guatemala, November 8, 2021. REUTERS/Luis Echeverria/File Photo

PANAMA CITY (Reuters) - 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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Study warns users about health information on TikTok
Canada's British Columbia calls off drug decriminalization pilot project
3 killed after building collapses in north Nigeria
Aerosmith frontman Steven Tyler wins dismissal for good of sexual assault lawsuit
Chinese company to build photovoltaic factory in Saudi port
Nearly 23 pct of Canadian population reported food insecurity in 2022
Canada announces investment to grow semiconductor supply chain
U.S. stocks close higher
Feature: Chinese firms eager to showcase new products at Spain seafood fair
Slovenia's jobless rate falls to historic low

Others Also Read