New Delhi, March 5 -- Panama President Jose Raul Mulino has slammed American President Donald Trump for his "reclaiming" Panama Canal remark after Hong Kong firm Hutchison agreed to sell its lucrative Panama Canal ports to a US-led consortium.

CK Hutchison Holdings announced plans to sell a 90 per cent stake in the Panama Ports Company (PPC) and several other non-Chinese ports to a group led by asset manager BlackRock. The sellers will receive $19 billion in cash, the company said.

Reacting to Donald Trump's "reclaiming" claims, the Panama president accused the US President of "lying once again".

"Once again, President Trump is lying. The Panama Canal is not in the process of recovery," Mulino wrote on X, adding, "I reject, on behalf o...