• Costa Rica Real Estate

Panama president values corruption scandal involving predecessor at nearly $100 million

May 6, 2015

PANAMA CITY — Panama may have lost nearly $100 million to government corruption during the administration of President Ricardo Martinelli (2009-2014), his successor said in an interview published Wednesday.

Martinelli, who has been out of the country for three months, is currently under investigation by the Supreme Court for alleged involvement in inflating government contracts by $45 million.

Several former ministers, senior government officials, businessmen and a judge have either been jailed or face trial for alleged corruption and illegal enrichment.

“The figure for patrimonial loss, which is in the process of being recovered, could be nearing $100 million,” President Juan Carlos Varela said in an interview with the newspaper La Prensa.

Varela said the tally could rise further as investigators uncover the full extent of the corruption.

Some of the worst cases have been traced to an aid program for disadvantaged school children, a tax company and the administration of parking facilities at Panama’s Tocumen International Airport.

Martinelli has said on repeated occasions that he and his party are victims of “political persecution” by Varela.

Facebook Comments

You may be interested

United States and El Salvador sign immigration agreement
Central America
12 views
Central America
12 views

United States and El Salvador sign immigration agreement

AFP and The Tico Times - September 20, 2019

The United States and El Salvador reached an immigration agreement on Friday, the interim secretary of Homeland Security, Kevin McAleenan,…

‘I want to write my story here too,’ Navas says of PSG
Keylor Navas
14 views
Keylor Navas
14 views

‘I want to write my story here too,’ Navas says of PSG

AFP and The Tico Times - September 20, 2019

Costa Rican goalkeeper Keylor Navas debuted in the Champions League with Paris SG on Wednesday with a 3-0 victory against…

UN names Costa Rica as ‘Champion of the Earth’ for environmental efforts
Climate Change
224 views
Climate Change
224 views

UN names Costa Rica as ‘Champion of the Earth’ for environmental efforts

Alejandro Zúñiga - September 20, 2019

The United Nations has selected Costa Rica as its 2019 Champions of the Earth award for policy leadership, the organization…

Do NOT follow this link or you will be banned from the site!