Saturday, September 26, 2020

Logo Central America Link

Waked files $165 million claim against Panama

Thursday, June 8, 2017


Abdul Waked, the embattled head of a family conglomerate who has watched his business empire disintegrate in the face of US allegations of money laundering and drug trafficking, has moved to arrest the bleeding by filing a claim against  the government.

The claim, specifically with the National Bank of Panama, ­seeks $165 million for damages and loss of profit “for the violation in the exercise of its functions and under the pretext of exercising them.” It followed after Waked and his businesses were included by the US Treasury Department on the Clinton List for activities linked to money laundering and drug trafficking.

Source: Newsroom Panama

Photo source: La Estrella