GOVERNMENT OF PANAMA TO JOURNALISTS: DON'T WRITE ABOUT OUR CORRUPTION AND ORGANIZED CRIME

Journalists in Panama City have reported that they are being pressured by senior officials in the Government of Panama to avoid writing stories about the massive corruption situation in the country. They have also been warned to to report on the powerful organized crime group that influences nearly every aspect of the country's financial structure, especially the fact that its members are of Middle Eastern, including, Syrian, origin. Editors have cautioned their working staff journalists accordingly.

Prospective investors in Panama, and bankers who are considering a financial participation in the constriction boom taking place in the country, are cautioned that local news reporting, which directly affects risk level assessment, may not reflect the true picture of the economy, crime, and the ability of government to function at acceptable levels.

Additionally, news of the corrupt and dysfunctional court system, including criminal cases, and civil litigation, may be minimized, and of no assistance in the proper performance of due diligence.