Former Supreme Court judge Alejandro Moncada Luna was sentenced to five years in jail after pleading guilty to charges of fraud and illicit enrichment.
He will also have to give up two apartments valued at $1.7 million, $4.6 million in bank accounts and three luxury vehicles.
Appointed by former President Ricardo Martinelli in 2010, Moncada was suspended in October when he came under investigation by Panama’s Congress. According to his defense lawyers, he struck a deal on two of four charges because of his declining health.
It has not yet been decided whether Moncada will be sent to jail or whether he will be allowed to serve his sentence under house arrest.