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Martinelli got $7 million loan in 20 minutes

Thursday, November 10, 2016


It took just a short elevator ride and a 20 minute conversation on the terrace for Panama’s former president, Ricardo Martinelli to get a $7 million loan from businessman and former vice president Felipe Virzi.

The money was for Martinelli to give to West Valdés and Ivan Clare, the former directors of  thescandal ridden Financial Pacific brokerage where Martinelli reportedly had a secret “High Spirit” account used to manipulate shares of Petaquilla Gold on the New York and Toronto stock exchanges.

Source: Newsroom Panama