The Panama scandals (also known as the Panama Canal Scandal or Panama Affair) was a corruption affair that broke out in the French Third Republic in 1892, linked to the building of the Panama Canal. Close to a billion francs were lost when the government took bribes to keep quiet about the Panama Canal Company's financial troubles, in what is regarded as the largest monetary corruption scandal of the 19th century.
Read more about Panama Scandals: The Bankruptcy, The Scandal, Aftermath
Famous quotes containing the word scandals:
“People who don’t like scandals shouldn’t be in finance.”
—Christina Stead (1902–1983)