Site Meter
Send Us An Email
Panama Guide

Welcome to Panama Guide
Saturday, August 24 2019 @ 11:31 am EDT

Crime Investigations Begin In Italy And Mention President Martinelli

CorruptionItalian prosecutors in Naples have initiated three international corruption investigations involving the Italian company Impreglio (which is responsible for the Panama Canal expansion project), the Panamanian president Ricardo Martinelli, and the Cuban-American businessman Rogelio Oruña.

Italian prosecutors ordered the arrest of Valter Lavítola for international corruption in the Finmeccanica case where he has been accused if supposedly having paid bribes to Panamanian government officials.

Italian prosecutors started their investigation of Impreglio by conducting an inspection of the company's offices in Milan this week. (Prensa)

Editor's Comment: There are several ongoing corruption scandals involving high ranking Panamanian officials of the Martinelli administration, and it's become obvious that here in Panama nothing will be done to investigate any of this. The Italian prosecutors will conduct their investigation, and even if they conclude that the Italian individuals paid bribes in Panama, there's little chance that anything meaningful will be done here. Just recently convictions and sentences were handed down against American businessmen in the BizJet scandal for having violated the Foreign Corrupt Practices Act and paying bribes to Panamanian officials in the Civil Aviation Authority in order to obtain a contract to maintain the presidential airplane. And of course nothing was done to the Panamanian officials here. In another ongoing scandal, there are serious allegations of insider trading in the Financial Pacific case involving shares of stock in the Petaquilla gold mining company. And once again, securities regulators in Vancouver might investigate the allegations of insider trading, but nothing will happen here in Panama.

Share
  • Facebook
  • Google Bookmarks

Story Options

Crime Investigations Begin In Italy And Mention President Martinelli | 1 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Crime Investigations Begin In Italy And Mention President Martinelli
Authored by: Cicero on Sunday, April 21 2013 @ 09:34 am EDT

When officials can take bribes with impunity, that encourages corruption. It also tarnishes Panama's reputation. Is there no independent prosecutor or inspector general in Panama who can pursue flagrant bribery cases?