No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchivePanama Accuses Nicaragua’s Alemán of Money Laundering

Panama Accuses Nicaragua’s Alemán of Money Laundering

PANAMA CITY (AFP) – Panama’santi-corruption prosecutor, Cecilia López,announced Tuesday that Panama is filingcharges of money laundering against formerNicaraguan President ArnoldoAlemán (1997-2002), his former taxdirector Byron Jérez, and six other formergovernment authorities.The Panamanian Prosecutor’s Officereported that it has discovered $9.4 milliondistributed through 40 accountslinked to Alemán and Jérez in 12Panamanian banks. The money is thoughtto be Nicaraguan state funds that weretransferred illegally to foreign banks.According to López, Alemán, Jérezand their family members moved $60 millionthrough Panamanian accounts duringthe five years they were in power.Alemán is serving a 20-year sentence inNicaragua for corruption, money launderingand misappropriation of state funds.

Trending Now

Magnitude 4.6 Earthquake Hits Off Costa Rica’s Pacific Coast

A moderate earthquake shook parts of the Pacific coast early Saturday morning, prompting residents in several areas to report light to moderate trembling. OVISCORI recorded...

Direct Flights from Ottawa to Liberia Costa Rica Begin with Porter

Guanacaste Airport rolls out new routes for the high season that started this month, featuring a fresh direct flight from Canada to Liberia. Canadian...

Costa Rica Supreme Court Extends OIJ Directors Suspension

The Supreme Court of Justice extended the suspension of Randall Zúñiga as director of the Judicial Investigation Agency (OIJ) for three more months on...

Costa Rica Football Federation Dismisses Coach Miguel Herrera

The Costa Rican Football Federation has ended its partnership with Mexican coach Miguel "El Piojo" Herrera after the national team missed out on the...

US Launches Operation Southern Spear Against Latin American Drug Cartels

The United States has rolled out a major military effort called Operation Southern Spear to tackle drug cartels across Latin America. Defense Secretary Pete...

Costa Rica Starts Work on Key Tempisque River Bridge in Guanacaste

Officials from the Ministry of Public Works and Transportation kicked off a major renovation of the bridge over the Tempisque River in Guardia de...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica