Panama: Democratic Change Party ‘s Bank Accounts Closed


News from Panama / Tuesday, May 12th, 2015

account closed

Both Citibank and Banco Nacional de Panamá have closed accounts belonging to the Democratic Change Party, founded by former President Ricardo Martinelli.

In what appears to be a reaction to the scandals caused by the allegations of corruption on the part of members of the previous administration, Citibank and Banco Nacional have stopped attending to the accounts where the Democratic Party’s administrators deposited money coming mainly from electoral subsidy.