Thursday, January 16 2014 @ 10:07 AM EST
Contributed by: Don Winner
Investigators say they suspect the cash, which had been concealed in hidden compartments in luggage on a flight from Honduras, was being moved for a powerful cartel, but they haven't said which one. The money was mostly in U.S. $100 bills, authorities said.
In a case that highlights the regional impacts of the drug trade, now Honduran investigators are trying to figure out how the suitcases slipped by airport authorities, drug police and special investigators at the Toncontin airport in Tegucigalpa.
Authorities have suspended dozens of officers as they investigate, Honduran police told CNN affiliate Televicentro.
Panamanian police, who described the suitcase stash as their largest seizure in years, arrested three Honduran nationals at Tocumen International Airport.
Editor's Comment: In Panama the cocaine moves North and the money moves South. There are many people in Panama City who have a unique problem - too much cash. Money laundering is a major activity in Panama. And just like cocaine busts - in the US when they nab a kilo or two that's considered to be a "major" confiscation. In Panama if it's not a couple of tons, then it's a relatively boring and routine action. 300 kilos is sort of "so what" anymore...