Supreme Court rejects appeal by alleged money launderer

The plenary of the  Supreme Court has rejected an Amparo of constitutional guarantees presented by the defense of alleged money launderer Aaron Mizrachi against the order of investigation issued by the Seventh Anti-Corruption Prosecutor for laundering related to the  Jal OffShore company through the now-defunct  Financial Pacific brokerage.

The ruling, signed by  Judge Olmedo Arrocha, confirms a decision of the First Superior Court, which had previously established that the prosecution had not violated Mizrachi’s fundamental rights when issuing the order of inquiry in the case.

According to Arrocha, in this case there is no serious damage that injures, affects, alters, restricts or threatens the Constitution or the American Convention of Human Rights and other treaties for the protection of human rights signed by Panama and that are law.

The investigation was initiated following a complaint filed in 2015 by the Superintendence of the Securities Market (SMV) , which warned of possible money laundering by the persons identified in the process, related transactions and transfers with the investment account in Financial Pacific, in the name of Jal Offshore Ltd., a company incorporated on March 16, 2011.

The process also includes the investigation of the former directors of Financial Pacific West Valdés and Iván Clare; Ori Sasson Zbeda Levy; Carlo Javier Osorio Wald and Josué Absalón Chávez.