Pedro Delgado was sentenced to eight years in prison for embezzlement

Pedro Delgado, former president of the Central Bank of Ecuador, and cousin of president Rafael Correa, was sentenced to eight years in prison for embezzlement of public funds, due to the illicit delivery of a loan for $ 800,000 to the Argentine citizen Gaston Duzac in 2011. Five...

30 more loans from the Cofiec case remain under investigation

After the delivery of the judgement in the Cofiec case, the Prosecutor announced that it continues with the investigation of 30 credits that this bank allegedly granted in a irregularly way without guarantees, for a total of $ 1.33 million. Attorney General Galo Chiriboga said...

Andrés Paéz denounces alleged impunity in process of the Cofiec case

Opposition Assemblyman Andrés Páez (CREO) said on March 17 that the judgment of bank embezzlement in the Cofiec case enshrines the impunity of some “jointly responsibles” of the credit granting to Gaston Duzac. Páez made this assertion after reading out what would...

Pedro Delgado is declared guilty in the Cofiec case by the Court of the CNJ

Judge Luis Enriquez, of the Criminal Division of the National Court, yesterday issued the decision in the granting of a credit to Argentine businessman Gaston Duzac. Eight people were convicted of bank embezzlement, six of them as authors and two as accomplices. The Court,...

Prosecutor for nine persons to be sentenced in the Cofiec case

On the tenth day of hearing, the Prosecutor asked the Supreme Court to sentence nine people in the Cofiec bank embezzlement case. The prosecution presented the arguments to prove the direct participation of Francisco E., fomer representantative of the Technical Secretariat of the...

75 witnesses were called to trial for Cofiec case

Judge rapporteur Luis Enriquez declared the hearing of trial for the so-called Cofiec Case, that is being developed this March 2 at the National Court of Justice (CNJ for its Spanish acronym) and where 75 witnesses were called, of whom 60 attended. On behalf of private...

Court confirms the acquittal of the defendants in the Cofiec case

The national judges Jorge Blum, Merck Benavides and Vicente Robalino confirmed on December 11 the innocence of the four former members of the Cofiec board, accused by the Prosecution of an alleged bank embezzlement by the irregular award of $ 800,000 to Gastón Duzac Argentine...

Request for annulment of the Cofiec case is defined today

It is expected for the judges of the Criminal Division of the National Court to resolve today the request for a mistrial in the Cofiec case. Eight people were called to trial for alleged embezzlement process, five of them as alleged perpetrators and three as accomplices....