close 
Fox News Flash top headlines for February 7
Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.
Panama’s former President Ricardo Martinelli has received political asylum from Nicaragua days after Panama’s Supreme Court denied his appeal over a money laundering conviction that carried a 10-year sentence.
Martinelli’s attorney Shirley Castañeda said outside the Nicaraguan embassy Wednesday that “his political asylum had already been granted.” Asked why Martinelli had requested asylum, she said “because his life was in danger.”
Nicaragua’s Foreign Affairs Ministry confirmed that it granted Martinelli asylum in a statement Wednesday. It said Martinelli requested asylum on the basis of political persecution and imminent risk to his life. It called on Panama’s government to allow his prompt exit to Nicaragua.
FORMER PANAMA PRESIDENT’S MONEY LAUNDERING SENTENCE STANDS, LIKELY DOOMING ELECTION PROSPECTS THIS YEAR
On Friday, the Supreme Court denied Martinelli’s final appeal of his money laundering conviction. With his conviction and sentence confirmed, Martinelli would have been ineligible to run for president.
On Saturday, Martinelli had held a rally in Panama’s capital where he defiantly said he would still run in the country’s May 5 presidential election, and denied being guilty of any crimes. However, on Monday, when Martinelli spoke in Congress, he alleged that current President Laurentino Cortizo wanted to imprison and even kill him, and that he was facing imminent arrest.
Former Panamanian President Ricardo Martinelli speaks in Panama City, Saturday, Feb. 3, 2024.
Luis Eduardo Camacho, Martinelli’s spokesman, said that Martinelli would remain inside the Nicaraguan Embassy in Panama until he received safe passage to Nicaragua.
The 71-year-old businessman and supermarket magnate who governed Panama from 2009 to 2014 was elected by his party last June as its presidential candidate. He was one of eight hopefuls vying for the presidency.
Article 180 of the country’s constitution says that no one sentenced to five or more years for a crime can be elected president or vice president.
Martinelli was convicted last July of money laundering in a case dating back to 2017 and related to his 2010 purchase of a publishing company that owns national newspapers.
Prosecutors said companies that had won lucrative government contracts during Martinelli’s presidency funneled money to a front company that was then used to purchase the publisher. The transactions involved a complex series of foreign money transfers that came up to $43 million. The front company collecting the money was called “New Business.”
Martinelli was sentenced to more than 10 years in prison and fined $19 million. He had denied wrongdoing and maintained that he was the victim of a political persecution. An appeals court ratified the sentence in October.
Martinelli, a populist who oversaw a period of massive infrastructure projects in the country, including construction of the capital’s first metro line, is the first former president convicted of a crime in Panama.
Last year, the United States government barred Martinelli and his immediate family from entering the country, based on what it called his involvement in “significant” corruption.
CLICK HERE TO GET THE FOX NEWS APP
Martinelli would not be the first ex-president fleeing the law to land in Nicaragua. President Daniel Ortega’s administration granted citizenship to former President Mauricio Funes in 2019. He had enjoyed political asylum in the country since 2016 and faces allegations of illicit enrichment and embezzlement in El Salvador.