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Panama Ex-President Martinelli is sentenced to 10 years in prison for money laundering

apnews.com Panama Ex-President Martinelli is sentenced to 10 years in prison for money laundering

Former Panamanian President Ricardo Martinelli has been sentenced to more than 10 years in prison for money laundering.

Panama Ex-President Martinelli is sentenced to 10 years in prison for money laundering

Prosecutors said companies that had won lucrative government contracts during Martinelli’s presidency funneled money to a front company that was then used to purchase the publisher. The transactions involved a complex series of foreign money transfers totally $43 million. The front company collecting the money was called “New Business.”

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