Panama’s Attorney General and Dep. Are Under Prosecution for Money Laundering

On December 24, 1992, the Attorney General of Panama Rogelio Cruz Rios and Ariel Alvarado, the Deputy Attorney General, were put under house arrest and charged with money laundering charges. On December 29, 1992, the Panamanian Supreme Court negated the house arrest, but allowed the criminal charges to stand. The arrests followed a lengthy investigation into charges that Cruz illegally unfroze more than $1 million in bank accounts linked to Colombia’s Cali drug cartel…[more]