Ricardo Traad Porras, who headed Panama's National Maritime Service until March, was arrested Saturday after a month-long investigation, according to an Associated Press report.
The arrest stemmed from an incident in January 2006, when the U.S. Coast Guard seized a Panamanian-flag general cargo ship carrying drugs.
Panamanian anti-drug prosecutor Jose Ayu Prado said a U.S. Coast Guard crew had discovered one ton of cocaine on the vessel and turned the ship over to Panamanian authorities. But when questioning suspects from the ship, U.S. authorities learned there was another ton of cocaine in a hidden compartment. When they returned to search the vessel, the hidden compartment was empty.
Prosecutors allege the missing drugs were transferred to a Colombian-flagged cargo ship, then sold in Mexico.
In addition to the arrest of Traad, authorities arrested Edilberto Luna, the maritime service's chief of operations, in connection with the case, the report said.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now