Prosecutor calls for indictment in money laundering trial of former president

Asking for an indictment  for money laundering against against former president Ernesto Pérez Balladares , and 11 others, Panama’s special prosecutor for organized crime cited  a list of alleged  shell companies.

Marcelino Aguilar on Tuesday, April 12, named   Jewels of the World, PTY Adventures,Alcor Corporation, Kestel Management Group, Garnet, Blue Cascade and Mr. Bull., to  Judge  Diego Fernández  

Aguilar Said that the group  conspired to create shell companies in order to receive monies from Lucky Games, a company benefiting from a direct concession to manage slot machine halls given during the Pérez Balladares Government.1994-99
The proseuctor asked for a temporary stay of proceedings for three other defendants.