PANAMA: MARTINELLI BROTHERS CHARGED BY US FOR THEIR ROLE IN ODEBRECHT BRIBERY AND MONEY LAUNDERING SCHEME

On 10 July, Imperial Valley News carried a DoJ news release advising that a criminal complaint had been unsealed in federal court in New York, charging Luis Enrique Martinelli Linares (Luis Martinelli Linares) and Ricardo Alberto Martinelli Linares (Ricardo Martinelli Linares) for their roles in a massive bribery and money laundering scheme involving Odebrecht SA, the Brazil-based global construction conglomerate. It is said that the Odebrecht scheme involved the payment of more than $700 million in bribes to government officials, public servants, political parties, and others in Panama and other countries around the world to obtain and retain business for the company.

https://www.imperialvalleynews.com/index.php/news/health-news/8-news/21146-two-defendants-charged-for-their-role-in-bribery-and-money-laundering-scheme-involving-former-high-ranking-government-official-in-panama.html

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017