Panama scandals
1892 French corruption affair / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Panama scandals?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Not to be confused with Panama Papers scandal.
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 a French company's failed attempt at constructing a Panama Canal. Close to half a billion francs were lost and members of the French government had taken 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.[1]