Investigation of ACP Board member declared legal

The Second Superior Court of Justice has confirmed the decision of the Eighteenth Criminal Court that it is legal for the Prosecutor against organized crime to investigate   Nicolás Corcione a member of the Board of the Panama Canal (ACP). in the case called New Business, related to transactions for the purchase of the Editorial Epasa group, allegedly y with public funds.

According to the court ruling, issued on April 13, Banesco’s records indicate that the Grupo Clio, S.A., debited $1 million in favor of New Business Services Ltd. and that The transaction was authorized by Nicolás and José Corcione.

The defense had alleged that the payment made by the Clio Group, S.A., to the company New Business Services Ltd. was a legal operation, motivated by the desire of Corcione, a businessman of “recognized trajectory “, of investing in the purchase of shares of a means of communication.