Panama's top court has rejected former president Ricardo Martinelli's appeal to annul a 10-year prison sentence related to the “New Business” convictions for money laundering, effectively ending his bid to run for reelection. Martinelli, who led the country from 2009 to 2014, was the frontrunner in the upcoming May presidential election despite his recent conviction and sanctions by the US. The Supreme Justice Court upheld the sentence of 10 years and 6 months in prison. This development has thrown the presidential race wide open and raised concerns about Panama's investment climate, following the country's removal from the financial gray list and the abrupt closure of Cobre Panamá.
Panama's Ricardo Martinelli vows to run for presidency despite recent money-laundering conviction https://t.co/0Gm4zk4wvD
Election theft right out in the open. But don’t complain or Jack Smith from the UN will arrest you. Especially in you are the presidential front runner. https://t.co/uOepDMPAAv
what kind of country does this? Panama presidential frontrunner ‘barred’ over money laundering case https://t.co/WdgwZ7PSNw
Apparently no one has informed #Martinelli there’s no longer a “campaign.” #Panama https://t.co/zYBpa0lJkd
#Panama | The Supreme Justice Court upheld the sentence of 10 years and 6 months in prison for money laundering imposed on former President Ricardo Martinelli (2009-2014). https://t.co/yRcmhu9OUG
Panama presidential frontrunner ‘barred’ over money laundering case https://t.co/m7Q5cznqDW
Panama's top court deals blow to Martinelli's hopes of regaining presidency https://t.co/ewsYLfrUvB https://t.co/g9SxTtahGP
The frontrunner in Panama’s May election is former President Ricardo Martinelli, recently convicted of corruption and sanctioned by the US. That is trouble for Panama’s investment climate. Though off the “gray list,” its image suffered from the abrupt closure of Cobre Panamá.
⚠️ PANAMA'S TOP COURT REJECTS EX-PRESIDENT MARTINELLI'S APPEAL TO ANNUL PRISON SENTENCE (Reuters) Panama's top court rejected former president and current presidential candidate Ricardo Martinelli's appeal to annul a 10-year prison sentence, a court official said on Friday,…
#Panama | It appears former president #Martinelli has exhausted the appeals on the “New Business” convictions and WILL NOT be able to run for reelection! Throwing the presidential race completely open! https://t.co/wGeimpkebi