Ricardo Martinelli

Ricardo Martinelli, a wealthy supermarket magnate, won the 2009 presidential election as the candidate of the Alliance for Change coalition. His campaign focused on anti-corruption and economic development, and he won with a landslide majority.

Martinelli's presidency oversaw rapid economic growth, major infrastructure projects (including the Panama Metro), and a controversial crackdown on crime. His administration was marked by allegations of authoritarianism, corruption, and nepotism, but also significant public works.

After leaving office, Martinelli faced multiple corruption investigations. In 2015, he fled to the United States but was later extradited to Panama in 2018. He was convicted of money laundering in 2019 and sentenced to prison, though he maintained his innocence.