Panama ex-president sentenced to 10 years in prison for money laundering
Online News Editor
July 19, 2023
1 minute read
Panama City, Jul 18 (EFE).- Panamanian former President Ricardo Martinelli was found guilty Tuesday of money laundering and sentenced to 10 years and eight months behind bars in a case involving the purchase of a media company.
The judge also fined Martinelli more than $19 million, according to the sentence to which Efe had access.
Four other defendants were found guilty of taking part in a complex scheme in which kickbacks from public contracts were used to buy a majority stake in newspaper and magazine publisher Editorial Panama America S.A. (Epasa), judicial authorities said.
They added that 10 other defendants were acquitted.
The case is known locally as “New Business” after the front company that allegedly received the kickbacks.
More:
https://www.laprensalatina.com/panama-ex-president-sentenced-to-10-years-in-prison-for-money-laundering/
former President Ricardo Martinelli
Sometimes they try to make a run for it!
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