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Honduras IHSS case may have US link

Monday, January 30, 2017

Two Honduran executives allegedly used a Panamanian business and a US bank to pay $2.5 million in bribes, suggesting that banks based in Panama and the United States may be involved in one of the biggest corruption cases in Honduras.

Óscar Laínez and Jorge Herrera, executives of Cosem, allegedly used a Panamanian firm to make transfers of more than $2.5 million to a JP Morgan Chase bank account of CM Motors in the US. Mario Zelaya -- former director of the Honduran Social Security Institute, who has been jailed and is facing charges in the IHSS case -- and his brother Carlos, are both partners of CM Motors.

Source: Insight Crime