In the wake of the scandal, it became harder to launder money through investment in Panamanian real estate for Venezuelans who grew rich on the back of their political connections

On Avenida Balboa, Panama City’s premier seafront avenue, the 50 story tower blocks form a near continuous wall of glass to the Pacific Ocean. At night, however, most of the luxury apartments remain in darkness and the basement casinos are eerily deserted.

Panamanian real estate was a favourite investment of the boliburgues, Venezuelans who grew rich on the back of their political connections to the late president Hugo Chávez and his successor Nicolás Maduro.

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