News
PAN | Sep 22, 2022

Two former Panamanian presidents indicted

/ Our Today

administrator

Alleged to have taken bribes

Juan Carlos Varela.

Two former Panamanian presidents, Ricardo Martinelli and Juan Carlos Varela, have been indicted in the country on bribery charges.

Prosecutors in Panama indicted Martinelli and Varela for taking bribes from Brazilian construction company, Odebrecht in return for lucrative government contracts. The prosecution dealt a devastating blow to the political fortune of Martinelli, who disclosed only a month ago that he would run for the presidency again in 2024.

Martinelli and Varela led Panama’s governments between 2009 and 2019. The prosecution comes five years after the Brazilian construction giant admitted in a US court that it paid millions of dollars in bribes to obtain contracts in several Latin American countries.

Odebrecht carried out several construction projects in Panama, including metro lines, an airport and highways. Martinelli, a businessman by profession, is accused of being aware of the payments sent to his foreign accounts with the prosecution advising the court that they have evidence that he even set up an entire illegal structure to collect the bribes.

Ricardo Martinelli

Two of Martinelli’s sons remain imprisoned in the United States after pleading guilty to receiving US$28 million from the Brazilian construction firm.

Varela, who ruled Panama from 2014 to 2019, has been accused of receiving US$10 million from Odebrecht, which overbilled the Panamanian government as it had to recoup the bribes it paid to the politicians.

The corruption scandal has become a political hot potato in the Central American country.

More than 50 politicians face prosecution, including several former government ministers.

Comments

What To Read Next