Nine people were arrested on Friday in connection to an international money laundering cell. Among them – Ramon Martinelli Corro, second cousin to President Ricardo Martinelli. Investigations indicate that the Martinelli cousin was part of a network operated by the Beltran Leyva brothers, dedicated to transporting money from Mexico to Panama for drug and...
Panama security forces will soon test the Heron Unmanned Aerial Vehicle, developed by Israel Aerospace Industries, according the Jerusalem Post. The drone, designed for intelligence gathering and surveillance, would be used in counter-drug operations as well as border security in Panama. Brazil is prepared to purchase $350 million-worth of Heron UAVs in preparation for the...
Panama will soon sign a double taxation agreement with Mexico, the first in a planned series of bilateral agreements, as Panama seeks to move off the “grey list” of fiscal paradises, otherwise knows as tax havens. The grey listing Organization for Economic Cooperation and Development’s goal is banking transparency through taxation information exchange which is...
Charles Paul Edward Jumet, ex-President of Ports Engineering Consultants Corporation (PECC) was indicted November 10, 2009 for violating the Foreign Corrupt Practices Act of 1977 in Panama. Yesterday, he pled guilty. According to the text of the indictment filed in the U.S. District Court for the Eastern District of Virginia: “The primary purpose and...
Anne Darwin of the famous canoe fraudster couple has offered to pay back the more than half-a-million pounds she pocketed from helping to stage her husband’s death, reports BBC news. John Darwin faked his death by canoeing accident in March 2002. He and his wife, Anne, then infamously scammed pension and insurance companies before...
