Fugitive Portuguese banker Joao Rendeiro, who was sentenced to more than five years in connection with the collapse of the Portuguese Private Bank, was arrested Saturday, police said.

Neves said Rendeiro was taken into custody with the help of South African police, adding that he had been "living in the wealthiest area of Johannesburg" while on the lam, including staying at "five-star hotels."

In 2018, Rendeiro, the bank's former chairman, was sentenced to five years and eight months for computer and document forgery; in May, he drew a term of 10 years for tax fraud, breach of confidence and money laundering; and in September he was sentenced to more than three years for fraud.

https://www.upi.com/Top_News/World-News/2021/12/11/portugal-Fugitive-banker-Joao-Rendeiro-arrested-South-Africa/9541639254772/

Panama Ex-President's Son Arraigned In US On Graft Charges

The US case against Ricardo Martinelli and his brother Luis Enrique is linked to the wider investigation into the Brazilian construction company Odebrecht.

Luis Enrique was extradited to the US last month and pleaded guilty in the US Eastern District court to conspiring with his brother to launder more than $28 million in bribes from Odebrecht "for the benefit of his close relative, a high-ranking public official in Panama" from 2009 to 2014.

Former president Martinelli is himself under investigation in the Odebrecht scandal, but has announced his intention to seek re-election in 2024.

In 2016, Odebrecht and the petrochemical affiliate Braskem agreed to pay $3.5 billion in penalties after pleading guilty in the Eastern District court.

12 12, 2021

https://www.ndtv.com/world-news/panama-ex-president-ricardo-martinellis-son-ricardo-alberto-martinelli-linares-arraigned-in-us-on-graft-charges-2647207

>Only 5 years for collapsing a bank, fraud and money laundering?

>>15180343

In 2018, Rendeiro, the bank's former chairman, was sentenced to five years and eight months for computer and document forgery

in May, he drew a term of 10 years for tax fraud, breach of confidence and money laundering

in September he was sentenced to more than three years for fraud.