{"id":34233,"date":"2023-07-21T23:15:27","date_gmt":"2023-07-22T04:15:27","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=34233"},"modified":"2023-07-21T23:15:28","modified_gmt":"2023-07-22T04:15:28","slug":"ricardo-martinelli-panamas-ex-president-sentenced-to-decade-behind-bars","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/ricardo-martinelli-panamas-ex-president-sentenced-to-decade-behind-bars\/","title":{"rendered":"Ricardo Martinelli (Panama’s ex-president) sentenced to decade behind bars"},"content":{"rendered":"\n
\"\"<\/a><\/figure>\n\n\n\n

A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general’s office said on Tuesday, threatening the front-runner’s bid for a new term next year.<\/p>\n\n\n\n

Martinelli stated his innocence following the decision in the case, known as “New Business,” which alleges public funds were used to buy a media conglomerate and give the ex-president a majority stake.<\/p>\n\n\n\n

“We all know they want to convict me out of political interest,” Martinelli said in a video. “I have no ties to illicit funds.”<\/p>\n\n\n\n

Four others were also sentenced on Tuesday for their involvement in the scheme, according to a statement from the attorney general’s office. Martinelli was ordered to pay a $19.2 million fine in addition to serving 128 months in prison.<\/p>\n\n\n\n

The former president’s defense will appeal the sentence and exhaust all the legal avenues available, Martinelli’s lawyer Carlos Carrillo said in a news conference.<\/p>\n\n\n\n

“Ricardo Martinelli Berrocal’s candidacy is solid,” Carrillo said, noting he is still eligible to run for the presidency since there is time to challenge the sentence.<\/p>\n\n\n\n

The former president also faces money laundering charges for his alleged involvement in the Odebrecht case, a massive bribery scandal involving public officials across Latin America.<\/p>\n\n\n\n

Two of his sons\u00a0returned to Panama<\/a>\u00a0earlier this year after facing prison time in Guatemala and the U.S. for money laundering in a case linked to Odebrecht.<\/p>\n\n\n\n

A survey published in May by polling firm Campaigns & Elections Mexico put Martinelli as the front-runner in the coming elections, followed by former President Martin Torrijos.<\/p>\n\n\n\n

Martinelli became the first official candidate for Panama’s 2024 presidential election last month after he was elected by the party Realizando Metas, a group he founded two years ago.<\/p>\n\n\n\n

The United States barred Martinelli<\/a> from entering the country in January, accusing him of accepting bribes in return for improperly awarding government contracts during his 2009-2014 administration.<\/p>\n\n\n\n

\n
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