MARITIME AFFAIRS

President petitioned to remove Corcione from ACP board

He is being investigated for money laundering.

Temas:

Members of the Board of Directors of the Panama Canal Authority (ACP) have recommended that President Juan Carlos Varela should consider removing Nicolás Corcione due to his constant absences from meetings.

Corcione has been implicated in a money laundering investigation. He has said that he is taking a voluntary leave of absence from the board to fight the charges, but at the same time his lawyers have argued that his membership on the board protects him from prosecution.

Adolfo Ahumada said Corcione's absences can be seen to fall under the category of "administrative incapacity," which would allow Varela to remove him.

"The truth is that Corcione is not participating in the meetings, and all of Panama knows that," he said.

Deputy Elías Castillo, a newly appointed member to the ACP board, said that the president should make a decision on this matter because Corcione was appointed by a president.

Corcione has been out of the country since July, when the investigation into his finances began.

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