07 Jul 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 City as they attempted to board a flight to Panama, and face extradition to the United States, Guatemala’s police said in a statement.
A Martinelli family spokesman did not immediately reply to a request for comment on the charges.
But the family said in a statement following the arrest that it was working to ensure the sons have legal assistance in Guatemala and are able to transfer the proceedings to Panama.
Odebrecht has been at the center of a far-reaching Latin American corruption scandal uncovered in 2014, in which the company paid more than $700 million in bribes to government officials in various countries.
The U.S. Department of Justice said in a statement the Martinelli sons are accused of having been intermediaries for the payment of about $28 million in bribes from Odebrecht to a high-ranking Panama official between 2009 and 2014, the period in which their father was in office.
By Elida Moreno, Sofia Menchu and Mark Hosenball, Reuters, 6 July 2020
Read more at Reuters
RiskScreen: Eliminating Financial Crime with Smart Technology
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet