• Privacy Policy
  • Terms & Conditions
Truth of Financial World
  • World News
  • Politics
  • Science
  • Business
No Result
View All Result
  • World News
  • Politics
  • Science
  • Business
No Result
View All Result
Truth of Financial World
No Result
View All Result
Home World News

Former Panama president Martinelli leaves Nicaraguan embassy for asylum in Colombia

May 11, 2025
in World News
Former Panama president Martinelli leaves Nicaraguan embassy for asylum in Colombia
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Former Panamanian President Ricardo Martinelli left the Nicaraguan embassy in Panama City, where he had sought refuge more than a year ago after the courts upheld a money laundering sentence against him, and headed to Colombia where he has received political asylum, the government said late Saturday.

Panama’s foreign ministry said in a statement that Colombian President Gustavo Petro sent Panamanian President José Raúl Mulino a formal note saying that he had granted Martinelli asylum and that Panama had granted the former president safe passage to Colombia.

“The Republic of Colombia is a State that has historically recognized with the utmost respect, compliance, and promotion the institutions of International Law, including the asylum system within the Inter-American system,” the statement said.

Martinelli, 73, was sentenced to 10 years in prison for money laundering in July 2023 in connection with the purchase of a publishing group. Following the confirmation of that sentence, the former president sought refuge in the Nicaraguan diplomatic mission in Panama after President Daniel Ortega’s government granted him asylum. He had remained inside the embassy for more than a year.

Martinelli is a businessman and supermarket magnate who governed Panama from 2009 to 2014, a period of rapid economic growth driven by the construction of major projects such as the first metro in Central America and the expansion of the interoceanic canal. But his government was tainted by accusations of bribery and cost overruns. He was sanctioned by the United States for corruption in January 2023.

Martinelli maintains that his prosecution was politically motivated as he sought to run for a second term of office.

In 2023, he won his party’s nomination to seek the presidency again. However, he was convicted of money laundering, and after the Supreme Court denied his appeal, he was ineligible to run.

Ultimately, Martinelli supported his running mate, current President Mulino.

Nicaragua granted Martinelli political asylum in February 2024. Panama had refused to grant Nicaragua permission to move Martinelli to Nicaragua.

The Colombian government had not previously commented on the matter.

This post appeared first on cnn.com

Previous Post

Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

Next Post

Putin says Russia is ready for direct talks with Ukraine

Next Post
Putin says Russia is ready for direct talks with Ukraine

Putin says Russia is ready for direct talks with Ukraine

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Fresh round of US-Iran talks underway in Oman as two sides try to overcome deep divisions

    Fresh round of US-Iran talks underway in Oman as two sides try to overcome deep divisions

    May 12, 2025
    ‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

    ‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

    May 12, 2025
    Trump is visiting three of the world’s richest nations. Here’s what’s on their wish list

    Trump is visiting three of the world’s richest nations. Here’s what’s on their wish list

    May 12, 2025
    Hamas announces imminent release of Edan Alexander, last known living American hostage

    Hamas announces imminent release of Edan Alexander, last known living American hostage

    May 12, 2025

    Disclaimer: truthoffinancialworld.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Browse by Category

    • Business
    • Politics
    • Science
    • World News

    Recent News

    Fresh round of US-Iran talks underway in Oman as two sides try to overcome deep divisions

    Fresh round of US-Iran talks underway in Oman as two sides try to overcome deep divisions

    May 12, 2025
    ‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

    ‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

    May 12, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 truthoffinancialworld.com | All Rights Reserved

    No Result
    View All Result
    • World News
    • Politics
    • Science
    • Business

    Copyright © 2024 truthoffinancialworld.com | All Rights Reserved