Panama-Italy corruption links resurface
ANGELO CAPRIOTTI -the Italian businessman who built modular prisons in Panama during the administration of Ricardo Martinelli is being tried in Rome for fraudulent bankruptcy and tax evasion.
His property has been seized and he is accused him of falsely bankrupting four -and diverting more than $5 million in assets.
Capriotti, a former partner of the company, which planned to build modular Svemark prisons in Panama has a debt of nearly $12 million to the Italian treasury, corresponding to tax rates.
Reviewing and auditing prosecutor Daniela Saitti exposed irregularities in the tax inspection of SIE Costruzioni Generali Spa, before the Fourth Section of the Court of Rome
The company is one of four operators alleged to have paid bribes to the “environment” of former President Ricardo Martinelli, according to Naples prosecutors prove the international corruption frustrated modular construction of four prisons in Panama.
In the trial of Capriotti-for fraudulent bankruptcy and fiscal evasion Saitti detailed how in May 2010 he transferred, the registered office of accompany in Brazil to Panama.
The Guardia di Finanza in Rome seized all Capriotti’s assets, valued at about $75 million. For example, they seized the capital of four companies, 32 properties, luxury cars and a sailboat
Valter Lavítola, once feted in Panama by the Martinelli circle has also seen his assets disappear and is currently serving a prison sentence with more charges to follow.
