Panama Canal Authority (ACP) board member and construction company owner Nicolas Corcione Perez-Balladares is facing an inquiry over questionable financial transactions related to corruption investigations.
Organized Crime Prosecutor Nahaniel Murgas ordered the investigation of Corcione for money laundering. That probe is related to activities surrounding the accounts of former Supreme Court Justice Alejandro Moncada Luna, who is serving a five-year sentence for fraud and unjustified enrichment.
According to prosecutors, Corcione was the mastermind behind a $400,000 kickback that was allegedly paid by a company that received a $10 million contract to design and build a Maritime Court during the period that Moncada Luna was chief justice.
Corcione has been out of the country for several days. Prosecutors plan to ask Interpol for help in locating him if he fails to appear in the next few days.