Ricardo Martinelli Linares and Luis Enrique Martinelli Linares said in a statement that news reports linking them to a USD 6 million payment aimed at securing substantial contracts for Odebrecht were "groundless."
Their father, who was president from 2009 to 2014, has been living in voluntary exile in Miami, Florida. Panama is seeking his extradition to face allegations of graft and spying on political opponents.
The brothers' statement was published on the Twitter account of the former president, who confirmed its authenticity to AFP without providing any details.
Brazilian newspapers last week quoted former Odebrecht chief Luiz Eduardo Soares as telling Brazilian prosecutors that "commissions" had been paid to Martinelli's sons.
The US Justice Department recently reported that Odebrecht had paid bribes worth hundreds of millions of dollars to obtain contracts in nine Latin American countries.
It said the construction company paid more than USD 59 million in bribes to Panama between 2010 and 2014 to obtain contracts valued at USD 175 million.
Panama's government on Thursday warned of punishment for public employees who took bribes from Odebrecht.
That declaration came a day after US officials said Odebrecht and its petrochemical affiliate Braskem had agreed to pay USD 3.5 billion in "the largest-ever global foreign bribery resolution."
Odebrecht pleaded guilty to bribing government officials and political parties to the tune of USD 788 million to secure business on three continents -- mostly in Brazil, but also in 11 other countries in Latin America and Africa.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
