Sting Won't Cause Major Wound

July 2007 | Ratings Update

The former head of Panama's national maritime service (SMN), Ricardo Traad, was arrested in May on money laundering charges following a sting operation by the US Drug Enforcement Administration (DEA) involving a cocaine shipment. While Traad and his associates at the SMN have proclaimed their innocence in the affair, it has been an embarrassment for President Martin Torrijos. Traad was a candidate under the banner of Torrijos's PRD party in the legislative elections in 1999, and according to local press, he also subsequently served as a fund-raiser for the PRD. For now, we believe that the political fallout from the

If you would like to subscribe to Central America Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Central America Monitor please click on the trial link below.