The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr! Panama's scallywag of a former leader be seekin' refuge in Nicaragua's embassy, while the law be after him!

2024-02-22

Arr matey! That scallywag Ricardo Martinelli be stuck in Nicaragua's embassy like a landlubber! The law be sayin' he ain't goin' nowhere 'cause he be a risk to flee like a cowardly bilge rat. Aye, the wheels of justice turn slower than a tortoise on a plank!

In a twist fit for a rollicking pirate tale, Panamanian authorities have set their sights on former President Ricardo Martinelli, who has been taking refuge in the Nicaraguan Embassy after receiving political asylum. A judge has given the green light to arrest Martinelli, overturning his previous conditional release as he faced a 10-year sentence for money laundering. The Supreme Court’s rejection of his final appeal seems to have dashed any hopes of a political comeback for the 71-year-old former leader.However, Martinelli’s current safe harbor in the embassy means his capture may not be immediate, especially with the Nicaraguan government unwilling to hand him over. The request to alter his release status highlights concerns about his potential to flee, considering the serious allegations against him.Martinelli’s conviction last year in a money laundering case tied to his purchase of a publishing company during his presidency has left him facing a hefty prison sentence and a substantial fine. Despite his protestations of innocence and claims of political persecution, the judicial system has stood firm in holding him accountable.With his political ambitions thwarted and a colorful history of alleged corruption, Martinelli stands as Panama’s first ex-president convicted of a crime. The saga continues for this larger-than-life figure, whose legacy includes major infrastructure projects but is now clouded by scandal and legal troubles.

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