Panama Issues Arrest Warrant for Alemán

August 18, 2006

MANAGUA – Legal analysts claim a Panamanian arrest warrant issued for former President Arnoldo Alemán (1997-2002), his wife and two of his close associates on charges of money laundering, has no legal validity in Nicaragua.

The warrant was issued July 25, but the Panamanian Supreme Court did not announce the measure until Aug. 12.

Panamanian prosecutors on March 30 accused the former President and the other suspects of laundering some $58.2 million in Nicaraguan public funds through a network of Panamanian companies and banks.

Alemán is serving a 20-year sentence for corruption and cannot be extradited.

 

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