DOJ Charges Two Sons of Former Panama President Martinelli with Participation in Odebrecht Bribery S
July 17, 2020
DOJ Charges Two Sons of Former Panama President Martinelli with Participation in Odebrecht Bribery Scheme in Panama
Michael Volkov
DOJ announced the arrest of two individuals, Luis Martinelli Linares and Ricardo Martinelli Linares, who are the sons of the former President of Panama, Ricardo Martinelli) for their role in funneling $28 million in bribes to a former Panamanian government official as part of the Odebrecht bribery case.
Luis and Ricardo were arrested while attempting to board a private airplane at an airport in Guatemala on FCPA and money laundering charges unsealed in federal court in Brooklyn, New York.
Both brothers are also sought by the Panamanian government for allegedly receiving more than $20 million in bribes from Odebrecht. Panama originally sought their arrest in 2017. The brothers have denied all the allegations.
The brothers were sent to a VIP prison in Guatemala that has housed former government officials, businessmen and drug traffickers. The brothers had been detained in Florida in 2018 for immigration reasons, but were released on $1 million bond for each.
Ricardo Martinelli, the former Panamanian father governed from 2009 to 2014, was detained in the U.S. and Panama for more than two years on allegations of political espionage and misuse of public funds. A court found him not guilty in 2019 and he was released.
More:
https://www.jdsupra.com/legalnews/doj-charges-two-sons-of-former-panama-84096/
Former Panama corrupt President Roberto Martinelli, and his always lovely sons, Luis and Roberto
