Panama suffers back-to-back financial scandals

PANAMA CITY — The sting from the global outcry over the Panama Papers had barely receded when Kent Davis was hit with news of another scandal enveloping his adopted country.

Davis, a real estate broker originally from Hawaii who deals with U.S. clients, said he was stunned and dismayed when he heard that Nidal Waked, one of Panama’s most prominent businessmen, was indicted by U.S. authorities in May on money laundering charges.

“It was like, ‘Oh my God, we don’t need this,’” said Davis, a partner and managing director of Panama Equity Real Estate. “All we can do

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