Kenneth Rijock

Kenneth Rijock

Friday, November 7, 2014

PROSECUTOR DEMANDS ACCOUNT RECORDS FROM NINE PANAMANIAN BANKS IN SUPREME COURT CORRUPTION CASE

Alejandro Moncada Luna

The Deputy Prosecutor has reportedly demanded banks records, from nine banks in Panama City that have been linked to ex-judge Alejandro Moncada Luna, formerly of the Supreme Court of Justice, now charged, and under house arrest, in a massive corruption case where the charges include money laundering, unjust enrichment, falsification of documents, and bribery.

The names of the banks involved have not been publicly disclosed, but the principal financial institution where profits from the Financial Pacific illegal insider trading scandal were deposited was allegedly Capital Bank*, and Moncada Luna purportedly received bribes to hinder an investigation into whether ex-president Ricardo Martinelli, and several of his ministers, earned illicit profits in the sale of Petaquilla Minerals Ltd. stock. When the names of the other banks under investigation are made public, we shall publish that information.
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* My inquiries have revealed that Capital Bank Inc., in Panama, has no ownership connection with any similarly-named financial institutions in the United States.


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