Panama convicts former president of money laundering - Lejit Reporters
Panama convicts former president of money laundering - Lejit Reporters
Panama’s former president Ricardo Martinelli was sentenced to 10 years in prison for money laundering on Tuesday, throwing into question the popular politician’s bid to be re-elected next year.
The supermarket tycoon was convicted of laundering money from public contracts through a complex scheme in order to purchase a media company, and was also ordered to pay a fine of $19.2 million.
Martinelli has said he believes the charges are politically motivated and his lawyers said on Tuesday that he would appeal against the decision.
