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The US Department of Justice (DOJ) Friday announced that former Panama President Ricardo Martinelli’s sons were sentenced earlier that day in a New York City federal courthouse to 36 months of imprisonment. They will also pay a USD 250,000 fine each and close to USD 19 million in cumulative forfeiture, and forfeit various assets for their participation in a bribery and money laundering scheme involving Odebrecht S.A. (Odebrecht, now Novonor), a Brazilian conglomerate.
The two brothers, Luis Martinelli Linares and Ricardo Martinelli Linares, were charged in 2020 and extradited from Guatemala to the US late last year. Both of them pleaded guilty to laundering USD 28 million.
Through this Odebrecht scheme, “payment of more than $700 million in bribes to government officials, public servants, political parties, and others in Panama and other countries around the world to obtain and retain business for the company.”
Kenneth Polite, assistant attorney general for the the criminal division in the DOJ, said that the bribes were directed through US banks to the brothers’ Swiss accounts “in order to help Odebrecht gain corrupt influence at the highest levels of the Panamanian government.”
FBI Criminal Investigative Division Assistant Director Luis Quesada said, “The defendants laundered millions of dollars in bribes through the U.S. financial system to benefit a close relative and maintain their luxury lifestyles. Today’s sentencing shows that the FBI and our law enforcement partners are committed to bringing to justice anyone who enables the corruption of public officials for personal gain.”
The brothers have already served almost two years of their sentence.
The post Sons of ex-Panama president sentenced to 3 years of imprisonment for bribery and money laundering appeared first on JURIST - News.
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The two brothers, Luis Martinelli Linares and Ricardo Martinelli Linares, were charged in 2020 and extradited from Guatemala to the US late last year. Both of them pleaded guilty to laundering USD 28 million.
Through this Odebrecht scheme, “payment of more than $700 million in bribes to government officials, public servants, political parties, and others in Panama and other countries around the world to obtain and retain business for the company.”
Kenneth Polite, assistant attorney general for the the criminal division in the DOJ, said that the bribes were directed through US banks to the brothers’ Swiss accounts “in order to help Odebrecht gain corrupt influence at the highest levels of the Panamanian government.”
FBI Criminal Investigative Division Assistant Director Luis Quesada said, “The defendants laundered millions of dollars in bribes through the U.S. financial system to benefit a close relative and maintain their luxury lifestyles. Today’s sentencing shows that the FBI and our law enforcement partners are committed to bringing to justice anyone who enables the corruption of public officials for personal gain.”
The brothers have already served almost two years of their sentence.
The post Sons of ex-Panama president sentenced to 3 years of imprisonment for bribery and money laundering appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.