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Camacho says La Prensa allegations will not be answered

LA PRENSA/Archivo
El diputado panameñista Varela expresó que espera una explicación de Martinelli.

26/12/2012 - Secretary of State Communications Luis Eduardo Camacho said today that he recommended President Ricardo Martinelli not comment on the allegations published in La Prensa about his link to the Financial Pacific scandal.

"We all know that they manipulate information," Camacho said.

INVESTIGATION REQUESTED

Angélica Maytín, the executive president of Transparency International Panama, said today that authorities should initiate an investigation into the allegations.

"Senior officials may not have shares in companies that develop business activities in the country, which benefits insiders," she said.

In the case of Financial Pacific, a former employee, Mayte Pellegrini, said that the brokerage house had a secret account, named High Spirit, which was opened to manipulate shares of Petaquilla Minerals, and that the account was Martinelli's.

Maytin argued that Panama should create a law regulating conflicts of interest and access to privileged information.

"In Panama there is nothing to prevent it and what there is, is an open window for such situations occur," she explained.

STRONG PRONOUNCEMENT

Both the Panama Stock Exchange and the Central American Stock Exchange spoke out today to deplore the chain of events surrounding the Financial Pacific case.

Through a press release, the two institutions highlighted the serious implications that this scandal has in the "performance and reputation" of the financial system in Panama.

It added that active participants of the Panamanian market should be concerned about the allegations of the irregular dealings with funds and investments, which not only constitutes an offence but mocks customers.

Both institutions strongly requested that a decision is made in the near future to allow the Superintendency of Securities to take appropriate measures to safeguard the assets and investments of customers.

FAILURE

Meanwhile, President of the Panamanian Association of Business Executives Roberto Troncoso said he believes that the Superintendency of Securities has been prevented from intervening in the case due to the interference of the Supreme Court.

Meanwhile, opposition Legislator Jose Luis Fabrega asked the attorney general to investigate Martinelli's link to Financial Pacific.

"According to Pellegrini, the beneficiary of the account is Ricardo Martinelli and it is unacceptable that vetoing the mining law affected investors, but he benefitted due to his handling of the information," said Fabrega.

EXPLANATION DEMANDED

Panameñista Deputy José Luis Varela said today that President Ricardo Martinelli must give an explanation to the country about his supposed link to the Financial Pacific scandal.

"It is clear that the president has a duty to give an explanation," said Varela about the "serious accusations" made by Financial Pacific employee Mayte Pellegrini.

Pellegrini, who was being interrogated about millions of dollars missing from the firm, said that Martinelli was connected to a secret account, called High Spirit, that was used to buy and sell shares of Petaquilla Minerals.

Martinelli made several decisions about mining that impacted the share price of the company, which operates a mine in Colón, and could have profitted greatly from insider information. He has not yet commented on the allegations.

BELFON WILL NOT INVESTIGATE LINKS: BLANDON

Fellow party member José Isabel Blandón said today that new Attorney General Ana Belfon "will not investigate" the links that the president has to the case.

Blandón said that "not only will we see Ana Belfon with the mission to pursue the leaders of opposition, but also to shelve and prevent the objective investigation into the alleged cases of government corruption."

Blandón said that the president must clarify what happened and, in turn, the Public Ministry (MP) must continue investigating the scandal concerning Financial Pacific.

"It is important to have an independent, objective, Public Ministry to do these investigations," he added.

CRITICISM OF APPOINTMENTS

On the other hand, lawyer Miguel Antonio Bernal said that the breaking scandal sheds more light on the appointment of Belfon.

Bernal noted that it would not surprise him if the scandal was not investigated here in Panama. He said it is more likely that Belfon will investigate the people who reported these facts..

Bernal said he believes that Belfon will not comply with the Constitution, and the appointments of Belfon as well as José Ayú Prado to the Supreme Court represent a clear message from Martinelli that people who cross him will be punished.


Yonofuí
Hace 2 aos

El morbo lo arma el mismo gobierno por la torpeza con la que manejan las comunicaciones en torno a la existencia de la cuenta "High Spirit" en Financial Pacific, su supuesta pertenencia al presidente y supuesto uso para manipular el precio de las acciones de petaquilla. ¿Por qué no responder con un "sí o no" (es del presidente) y el por qué es muy difícil manipular el precio de una acción, cuando hay XX miles, millones, etc. de acciones emitidas por petaquilla?

watchman
Hace 2 aos

Camacho es un payaso de grandes ligas. Es un pobre ventrilocuo del jefe y pega muchas mentiras. Es un simple manzanillo vulgar. No tiene dignidad e insulta la inteligencia de todos. La PRENSA no se invento esto. Pero ahora como muchos esperaban, Ayu Prado dice que no hay evidencia. Claro porque el jefe es su padrino politico y lo nomino a la CSJ para ese mismo proposito, que no se encuentre nada ilegal en todos los chanchullos del jefe. Ana Belton va por el mismo camino.

azucena fillo haro
Hace 2 aos

Camacho es un funcionario que me produce repugnancia. En eso se parece mucho a su jefe. Qué horror!

Pretoriano
Hace 2 aos

Las "estrategias" de luis eduardo camamarracho hacen lucir culpable a la misma madre teresa de calcuta.

Leonardo
Hace 2 aos

Por lo menos tenemos dos dedos de frente para enterder el entuerto como decía Don Quijote. Partida de coruptos todos los ejecutivos del gobierno y los que se prestan para eso. Increible alguien que no necesitaba de dinero, la avaricia, la codicia ilimitada y desenfrenada lo ha hecho hacer actos desleñables e insolitos.

Leonardo
Hace 2 aos

Si estas publicaciones son pura novela, porque la Corte Suprema con Moncada Luna pararon la reestructuración de la Casa de Valores Financial. Solamente eso dice mucho. No somos estupidos e ingnorantes.

azucena fillo haro
Hace 2 aos

Martinelli acabará haciendo lo que hacen todos los dictadures cuando se les prende el rancho y no hay manera de apagarlo. Los que queden en la cola pagarán las insensateces del mamarracho y él , como es su costumbre, escapará con el botín. ¿Son estúpidos? Creo que sí.

Maria236
Hace 2 aos

La denuncia de los directivos es que los fondos no están donde deben de estar, lo medios hablan de otro tipo de situación no perdamos las perspectivas la señora Mayte Pellegrini debe probar sus señalamientos giraba dinero a cuentas de sus familiares.

Laura Yee
Hace 2 aos

Estos miembros de la oposición no se cansa de salir a los medios a hacer su politiquería barata aprovechándose de las vinculaciones que personas mal intencionadas hacen en contra del Presidente RM para que su imagen sea perjudicada

azucena fillo haro
Hace 2 aos

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