Wednesday, October 28, 2020

Panama banker linked to Odebrecht bribery scandal


Panama banker Juan Antonio Niño has been charged with money laundering linked to the Odebrecht bribery investigation.

The charges are related to alleged checks that Odebrecht sent to the banker’s personal account to finance part of the Panamenista Party’s political campaign in  2009 and, at least, until 2012.

This would not be the first time that Niño has been mentioned in the Odebrecht bribery case. As early as 2017, the Prosecutor’s Office had asked the Swiss authorities for legal assistance related to money transfers through the reinsurance company Active Capital, which is linked to the businessman.

The Sherkson company, which would have been used by Odebrecht to transfer millions of dollars as a  result of the bribes, received a payment from the Active Capital Holdings company, chaired by Niño.

- Advertisement -

The information was revealed when the Swiss Public Ministry sent a rogatory letter to Panama in which it asked the then-Attorney General of the Nation, Kenya Porcell, information to complete the investigations that it was carrying out against the Brazilian construction company.

This is the third person close to the inner circle of former President Juan Carlos Varela (2014-2019) and his brother, former deputy José Luis Varela, who is on the radar of the Public Ministry for the Odebrecht ays La Prensa.

On February 20, the former Panamanian deputy and lawyer Jorge Alberto Rosas was arrested and is in the Renacer prison.

Former ambassador and lobbyist Jaime Lasso went to the prosecutor’s office three times, and on Friday, March 13 he was placed under country arrest , and must also be notified on the 10th of each month in the Public Ministry.

- Advertisement -

According to the investigations of the Prosecutor’s Office, the Panameñista Party would have received at least $10 million from Odebrecht, through different companies he manage.


Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Brother of ex-Pakistan PM Nawaz Sharif jailed for money laundering

Pakistan Muslim League-Nawaz (PML-N) chief and Opposition Leader in the National Assembly Shehbaz Sharif was sent to jail on Tuesday in a money laundering...

Mozambique seeks prosecution of ex-Credit Suisse bankers implicated in debt scandal

Mozambique's Attorney General's Office said on Wednesday it will seek the extradition of three former Credit Suisse CSGN.S bankers implicated in a $2 billion debt scandal...

Bribery trial of former San Angelo police chief Tim Vasquez delayed until 2021

The trial of former San Angelo police chief Tim Vasquez will not happen until 2021, according to court documents. The trial, originally set for...

Berkshire Hathaway to pay $4.1m to settle Iran sanctions violation

Berkshire Hathaway Inc. has agreed to pay roughly $4.1 million to settle allegations that a Turkish subsidiary violated U.S. sanctions on Iran. The U.S. Treasury Department on...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks