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

Air Transat to Start Direct Quebec City Flights to Costa Rica

Air Transat will add a new nonstop route between Quebec City and Costa Rica starting December 15, giving travelers a direct link from Jean...

Cuba Releases Three Panamanian Women Detained Over Subversive Signs

Cuban authorities have ordered the release of three Panamanian women detained since late February on accusations of spreading subversive propaganda against the Cuban government,...

Argentine Francisco Cerúndolo Reaches Madrid Masters Last 16

Francisco Cerúndolo kept Argentina’s strong Madrid Open run alive Monday, defeating Italy’s Luciano Darderi 6-2, 6-3 to reach the last 16 of the ATP...

NGOs Warn World Cup Visitors About Travel to the U.S.

More than 120 human rights organizations issued a travel warning, saying visitors to the 2026 FIFA World Cup could face “serious rights violations” because...

Costa Rica Cracks Down on Unauthorized Tours and Illegal Park Entry

Costa Rica will begin enforcing new fines on April 30 against people who enter national parks and other protected wild areas through illegal access...

Latin American elites see journalism as “subversive,” says Guatemalan journalist

Renowned Guatemalan journalist José Rubén Zamora considered a “prisoner of conscience” by international organizations, said Friday that Latin America’s political and economic elites view...
Avatar
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel