The son of Panama’s former president Ricardo Martinelli has pleaded guilty to money laundering as part of a massive corruption scheme involving Brazilian construction conglomerate Odebrecht, United States prosecutors said.Luis Enrique Martinelli admitted to conspiring with his brother Ricardo to establish offshore bank accounts “to receive and disguise over $28m in bribe proceeds”, the US Department of Justice said in a statement on Thursday.“To advance the scheme, Luis Enrique Martinelli agreed with others to cause the wiring of the Odebrecht bribe funds into and out of the United States, and used some of the proceeds of the scheme to purchase a yacht and a condominium in the United States,” the statement reads.
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