Corruption Probes Overshadows Focus on Economic Performance

PANAMA - Report 06 Apr 2015 by Marco Fernandez and Guillermo Chapman
Executive Summary Corruption probes continues to broaden: more than dozen former government officials private contractor have been investigated for overcharging, conspiracy and bidding manipulation, since the Varela administration began. According to some estimates, the cost of these frauds could eventually reach $3 billion, once probes conclude. Former President Ricardo Martinelli has not been in Panama since the end of January, even though he has no accusations of any direct participation in the corruption scheme yet. Overshadowed by news of the corruption scandal, the economy continues t...

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