Friday, December 09, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Money laundering as major issue in Panama Odebrecht case

Money laundering as major issue in Panama Odebrecht case

Panama City, Sep 16 (Prensa Latina) The hearing of the Odebrecht case in Panama enters its fifth day of reading, with a 800-page investigation providing new evidence on money laundering crime.

At the hearing, the anti-corruption prosecutor’s office presented testimonies proving money laundering crime committed by natural and legal people, including former government officials, reports supported by international legal assistance from the United States, Brazil, Switzerland and Andorra.

According to the Public Prosecutor’s Office, the Brazilian construction company and its worldwide subsidiaries made onerous contracts with the Panamanian State and has conducted important projects since 2006.

The prosecution also alluded to the creation of firms and the subsequent opening of bank accounts to third parties, which sought to erase clues about their true owners or final beneficiary.

In this regard, it was proven that Odebrecht created an office called Department of Structured Operations, which in turn used its software to manage the accounting of the group’s firms, but especially the parallel accounting regarding the illicit movement related to bribes where works were done.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.