Particle.news
Download on the App Store

Panama Opens Odebrecht Money-Laundering Trial of Ex-President Ricardo Martinelli and 22 Others

Prosecutors say they are prepared to seek money-laundering convictions in a months-long, hybrid proceeding.

Overview

  • The trial began January 12 in Panama City before Judge Baloisa Marquínez, with Martinelli pleading not guilty via video from Colombia, where he has asylum.
  • Anticorruption prosecutor Ruth Morcillo said the Public Ministry will present evidence to obtain convictions for money laundering.
  • The proceedings are hybrid and broadcast live, plan roughly 60 witnesses with Monday–Thursday sessions, and the voluminous record suggests the case could run for months.
  • Investigators cite tens of millions in Odebrecht bribes in Panama, with the company acknowledging $59 million locally, and the charges carry possible sentences of up to 12 years.
  • Former president Juan Carlos Varela and Martinelli’s sons will face separate Supreme Court proceedings due to parliamentary immunity.