Interpol Red Alert for Martinellis sons

WHILE their father, ex president Ricardo Martinelli,  rests in apparent tranquility in Miami, his two sons  are facing an Interpol red alert.

Special Anti-corruption Prosecutor Tania Sterling has  issued an international arrest warrant against the brothers Ricardo Alberto and Luis Enrique Martinelli Linares, and the lawyer Evelyn Ivette Vargas.

The brothers are  wante  for the alleged commission of crime against the economic order in the investigation of the payment of bribes by the  Odebrecht company  following  information sent  from judicial authorities in  Switzerland and Brazil to the Public Ministry.

The investigation provides details of bank transfers and companies related to , Ricardo Alberto Martinelli Linares and Luis Enrique Martinelli Linares, children of President Ricardo Martinelli (2009-2014.

According to the Public Prosecutor’s Office, three joint-stock companies in which the children of the former president were beneficiaries received millions of dollars aire figures between 2009 and 2012: Kadair Investment Ltd (Kadair), with jurisdiction in the British Virgin Islands (BVI), Fordel International Ltd, with jurisdiction In Bahamas and Aragon Finance Corp. (BVI).

The transfers were made through several offshore companies that the construction company Odebrecht used to make improper payments to public officials around the world.

The young Martinellis , according to the inquiries, received a total of $ 8.76 million in the Kadair account, and 12.3 million euros in the companies Fordel International and Aragon Finance Corp.

The investigations indicate that the company Constructora Internacional del Sur – subject  of multiple ‘Lava Jato’ criminal investigations in Brazil -, whose final beneficiary was Olivio Rodríguez – financial operator of the construction company – $3.2 million was transferred to the Kadair account.

According to the prosecution data, the Martinelli brothers also received transfers to the Fordel International account, opened at the Banque Lombard Odier

For that reason, the directors of the company Promotora Los Andes, SA, were investigated by the Prosecutor’s Office to investigate the company used by the Martinelli brothers in Switzerland to justify the receipt of money received in bank accounts .

The payments by Odebrecht were made through the company’s Structured Operations Division to pass unregistered funds to offshore companies designated by Panamanian government officials and intermediaries.