Featured Panama

Chyknell Hall: Sleepy Shropshire hamlet wakes to royal scandal

A country estate in a Shropshire hamlet is at the centre of an international scandal involving the Spanish royal family, mysterious offshore companies and secret agents. Chyknell Hall near Bridgnorth has taken centre stage in the drama thanks to its prominent yet elusive resident, Corinna zu Sayn-Wittgenstein, the one-time… Read More

A hidden tycoon, African explosives, and a loan from a notorious bank: questionable connections surround Beirut explosion shipment

OCCRP – Since the devastating explosion of a store of ammonium nitrate in Beirut’s port on August 4, Lebanese citizens have taken to the streets in shock, outrage, and grief. Above all, they have demanded answers: Where did the nearly 3,000 tons of explosive chemicals come from, and who… Read More

United States partners with Panama on money laundering task force

The Unites States will bolster Panama’s ability to crack down on money laundering and other acts of graft, the U.S. embassy in the Central American nation announced on Monday following high-level meetings between officials from both countries. The new anti-money laundering task force will involve training for Panamanian prosecutors and… Read More
5th August 2020
When Spain’s royal palace announced Monday that former Spanish King Juan Carlos was leaving the country, it omitted a key detail. Where exactly had he gone? On Monday, several media outlets reported the former king had traveled to the Portuguese town of Cascais, where he spent parts of… Read More
3rd August 2020
The phrase “shell company” conjures images of offshore havens such as Panama or the British Virgin Islands, but one of the world’s leading enablers of financial secrecy is actually the United States. In every state, more personal details and proof of identity are required to get a library card… Read More
17th July 2020
Tax authorities have investigated 237 cases in connection with the 2016 Panama Papers leak and a further 96 over Swiss Leaks and have so far recouped more than €27.6 million, Finance Minister Edward Scicluna said on Wednesday. Scicluna said €14.2 million was recovered from 163 concluded cases following the Panama… Read More
7th July 2020
U.S. prosecutors have charged two sons of former Panamanian President Ricardo Martinelli in connection with bribery and money laundering linked to Brazilian construction firm Odebrecht, according to a federal complaint unsealed on Monday. Luis Enrique Martinelli, 38, and Ricardo Alberto Martinelli, 40, were arrested earlier in the day in Guatemala… Read More
3rd July 2020
Panama’s last two presidents, Ricardo Martinelli and Juan Carlos Varela, were charged Thursday with money laundering, as two separate scandals tarnished the political legacy of the former allies turned enemies. Martinelli was charged with money laundering over the so-called “New Business” case in which a publishing group was allegedly purchased… Read More
29th June 2020
On June 26, the Federal Criminal Court of Switzerland found former Member of Parliament of Ukraine Mykola Martynenko guilty of laundering about EUR 2.8 million through the Swiss financial system “as part of a criminal group.” The court also convicted another citizen of Ukraine, Pavlo Skalenko, who, together with the… Read More
26th June 2020
The political career of Malta’s former deputy prime minister Konrad Mizzi lies in ruins after his ruling Labour Party (PL) colleagues voted for his expulsion over secretive offshore dealings revealed in the International Consortium of Investigative Journalists-led Panama Papers investigation. Mizzi was the star performer during the country’s… Read More
24th June 2020
Ten days ago, Colombian businessman Alex Saab was arrested in Cape Verde, an island republic off Africa’s west coast, as he was refueling his private jet. Saab is wanted in the U.S. on money-laundering charges involving hundreds of millions of dollars – but his detention in Cape Verde and his… Read More
22nd June 2020
In the months before her murder in 2017, Maltese journalist Daphne Caruana Galizia was on the trail of an offshore company called 17 Black Limited. She didn’t know who owned the firm, which was registered in the United Arab Emirates. But she was certain it was set up to channel… Read More
17th June 2020
By Roman Shleynov, OCCRP, 16 June 2020 OCCRP — One day in the summer of 2013, the central Moscow office of Fonbet, Russia’s largest sports betting company, looked like a besieged fortress. Sparks and the smell of burnt metal filled the air. Officers from the anti-corruption directorate of the… Read More