SON OF FORMER PRESIDENT OF PANAMA PLEADS GUILTY IN CONNECTION WITH INTERNATIONAL BRIBERY AND MONEY LAUNDERING SCHEME

A news release from US DoJ on 2 December advised that Luis Enrique Martinelli Linares, 39, a citizen of Panama and Italy, and son of former Panama Panamanian President Martinelli, has pleaded guilty in the Eastern District of New York to laundering $28 million in connection with a massive bribery and money laundering scheme involving Odebrecht SA, a Brazil-based global construction conglomerate.  He and his brother, Ricardo Alberto Martinelli Linares was arrested in Guatemala in 2020, pursuant to a provisional arrest request from the US as they were attempting to depart Guatemala on a private plane.  The defendants were charged on 4 February, in a 5-count indictment in connection with this bribery and money laundering scheme. The US continues its efforts to have Ricardo Martinelli Linares returned to the US to face justice.

https://www.justice.gov/opa/pr/panamanian-intermediary-pleads-guilty-connection-international-bribery-and-money-laundering

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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

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