Country of Origin
Panama
Country of Asset Location
Andorra
Country that initiated legal action to recover proceeds of corruption
Panama
Disposition of Criminal Case(s)
At time of reporting (2020), there were ongoing investigations/prosecutions related to this case in both the country of origin (Panama) and country of asset location (Andorra).
Action Initiating Asset Recovery
By an MLA request from the country of origin
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of origin
Conviction-based criminal prosecution and confiscation
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Notes
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
28,000,000.00 USD
Assets frozen/seized (USD equivalent)
$28,000,000.00
Date of freeze/seizure
2018
Jurisdiction
Andorra
Asset Type at Time of Freeze/Seizure
Cash/bank deposit
USD Conversion date
December 2023
Date and Country of Case Submission
January 1, 2020
Panama
Data Source
Official information provided by country authorities