|Alberto Diamond Martinelli (the son)|
The photograph above is Alberto Diamond Martinelli, the young son of the disgraced fugitive former Superintendent of Banking, Alberto Diamond R. The ex-Superintendent, an accountant who got his job from his relative, Ex-President Ricardo Martinelli Berrocal, though totally unqualified for the position, is a fugitive from justice, partly because he followed Martinelli's orders to ignore the flood of dirty money coming into Panama's banks, and partly because he took bribes to close his eyes to money laundering and terrorist financing.
|Superintendent Diamond (father)|
Where did all the father's dirty money go, you ask ? The son is a banker at the Panama branch of a prominent Costa Rican bank, and Panamanian investigators would do well to examine all international wire transfers that bank officer Alberto Diamond Martinelli handled at that branch.
Will Panama's prosecutors see past the father, and investigate the son's ill-gotten gains ? Will they also charge him with money laundering ? We cannot say, but we hope that compliance officers start to take a hard look at any children of Panamanian officials, present or past, or of any other PEPs, for they have been hiding in plain sight long enough.
A final note: we will be looking at other Panamanian Princelings in future articles, starting with the wealthy children of ex-President Ricardo Martinelli, Ricardo, Luis and Carolina; Watch for it.
|Ricardo Martinelli Linares|
|Luis Enrique Martinelli|