he Seventh Anti-Corruption Prosecutor  has ordered the preventive detention of West Valdés, founder of  the Financial Pacific (FP), brokerage, but it won’t mean a change of address as he is already being held in El Renacer prison in connection with another case.

Financial Pacific is center stage in numerous criminal probes  involving prominent figures within the Ricardo Martinelli administration, and co-conspirators in the business world.

The latest imposition for Valdés, is  part of the investigations for alleged irregularities in the management of money in the account of the Jal Offshore company, through the  now defunct brokerage.

The decision was communicated  to Valdés on  May  18  at El Renacer  which he has called home  since January 2017,  when he was arrested after returning from the Dominion Republic after his widely publicized marriage.

That detention is in the case of a $9 million  loan awarded by the State bank, Caja de Ahorros (CA) to the consortium HPC Contratas P & V, for the construction of the unfinished Amador  convention  center. At least $ 7 million disbursed by the CA, went through FP  to plug a financial hole.