WHAT THE PAPERS SAY: Money and Power

La Estrella, December 30 2012

Corruption scandals  pursue the government,. That has been the relevant trend relevant for a whole year. The latest  case-Pacific Financial also shows the dark-lattices where money and power are crossed. The dimension of fraud detected in the collapsed brokerage of Financial Pacific is vast (estimated at about $14 million), despite the complexities of the offense (defrauding the exchequer, altering customer statements, accounts and operations gray use insider) the only detainee is an employee, Mayte Pellegrini. But top executives of FP, West Clare   and Ivan Valdes, are free. In addition, a 'timely' Supreme Court ruling suspended the process of reorganization of Financial Pacific, which would allow the concealment of evidence. The president's alleged links with companies mention were denied by Martinelli, who claimed them  to be 'journalistic novels'. The Attorney General,, Jose Ayu Prado, among his recent  known performances said tests do not reach the president. Too many  serious scandals that threaten the country's financial reputation.