30 Jan 2017
Two Honduran executives allegedly used a Panamanian business and a US bank to pay $2.5 million in bribes, suggesting that banks based in Panama and the United States may be involved in one of the biggest corruption cases in Honduras.
Óscar Laínez and Jorge Herrera, executives of Compañía de Servicios Múltiples S. de R.L. (Cosem), allegedly used a Panamanian firm called CA Technologies to make transfers of more than $2.5 million to a JP Morgan Chase bank account in the United States belonging to a company called CM Motors, according to an investigation by the National Fiscal Support Unit (Unidad Nacional de Apoyo Fiscal).
Count reading this article to your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet