Panama arrests ex-VP in graft probe
Source: Reuters
Panama arrests ex-VP in graft probe
June 4 2015 at 09:52pm
By Reuters
Panama City - A former vice president of Panama, Felipe Virzi, has been arrested on corruption and money laundering charges, the latest high-profile political figure to tumble in a wave of graft scandals sweeping Central America.
Virzi, a close friend of former President Ricardo Martinelli, who is also being investigated for corruption during his time in office, was arrested on Wednesday night after 10 hours of questioning, Panama's attorney general's office said late on Wednesday.
The 71-year-old Virzi, who was vice president to Ernesto Perez-Balladares between 1994 and 1999, is accused of receiving $10 million from an Ecuadorean company that won a $37 million contract from Martinelli's government to build an irrigation system that never materialized.
According to the charges against him, Virzi received the money shortly after the contract was awarded. He then distributed the cash to various bank accounts, including one investigators suspect was linked to Martinelli, who was president between 2009 and 2014.
Read more: http://www.iol.co.za/news/world/panama-arrests-ex-vp-in-graft-probe-1.1867818#.VXC2RmdFCwk
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