Martinelli Stripped of Immunity

Ricardo Martinelli may now face charges of insider trading on shares of Canadian miner Petaquilla while in was in office.

Although the former president has immunity as the head of Panama’s Democratic Change party and faces a number of other corruption charges, the country’s electoral court has only removed his immunity to the insider trading charges for now.

Martinelli has denied any wrongdoing, claiming that current President Juan Carlos Varela is persecuting him for political reasons.

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