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Panama's troubled Banco Universal put on the block

Wednesday, August 12, 2015

Troubled Banco Universal of Panama went up for sale to protect the interests of depositors.The bank’s name has surfaced in several recent corruption scandals.

The largest shareholders are the Virzi family, whose patriarch, former vice-president Felipe Virzi, faces numerous charges related to alleged acts of corruption during the last government.

Source: Newsroom Panama