Bail revoked for former finance minister

FORMER Finance and Economy Minister Frank De Lima. facing a string of corruption probes has lost another court battle and will remain in detention in El Renacer prison while being investigated for alleged anomalies in a contract for the maintenance of parking lots at from the Tocumen International Airport during the last government.

For company, he will have a clutch of high profile figures from the Ricardo Martinelli era.

The Second Superior Court has revoked a bail order that the Eleventh Court had given him.

The judges argued that there is a risk that the ex-minister will escape or disregard the process since in the bail document there was no record of where he lives, or where he works.

The Anticorruption Public Prosecutor’s Office  is investigating  De Lima for alleged crimes against the public administration, because an audit of the Comptroller determined that the airport stopped receiving $1.9 million between October 2011 and July 2014, product of the direct contract awarded Sky Parking, S.A., linked to Gabriel Gaby Btesh who has  already disappeared from Panama.