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...

Prosecutor Chiriboga starts the process to extradite Delgado and Duzac

The General Attorney of the State expects the written judgment of the National Court of Justice (CNJ for its Spanish acronym) to intensify with the United States (US) and Argentina the extradition of the former president of the board of the Central Bank and cousin of President...

Buñay is pointed out as responsible of $ 800,000 credit granted to Duzac

The president of the Cofiec bank, Antonio Buñay, was pointed out as the authority who allegedly “pushed” the credit official to irregularly grant a $ 800,000 loan for the Argentine businessman Gaston Duzac, despite having no guarantees. This revelation was made by...

Attorney criticizes lack of US support for extradition of Pedro Delgado

Extradition proceedings raised by the justice against Pedro Delgado, cousin of President Rafael Correa, have not presented progress. Pedro Delgado currently faces two processes: one for falsifying his university degree and another for his alleged role in the delivery of a $...

Pedro Delgado and Gaston Duzac will be prosecuted by Cofiec case

Last September 30 nine prosecuted were brought to trial by the judge of the national court Paul Iniguez, who is investigating the alleged embezzlement of the irregular credit handed by the Cofiec Bank to Argentine businessman Gaston Duzac. The process will be faced by six as...

Pedro Delgado resigned to his right of defense in the Cofiec Case

This Monday Pedro Delgado, former head of the Banco Central de Ecuador (BCE), and one of the involved in an irregular grant of a $ 800,000 credit made by the Cofiec Bank to Argentine businessman Gaston Duzac, requested his lawyers to no longer defend him on this case....

Legal process of Cofiec Case will be reinstalled on Monday

After three days and over 20 hours of work, last Thursday Judge Paul Iniguez, of the Criminal Division of the National Court of Justice (CNJ for its Spanish acronym), postponed the preliminary hearing in the case of judgment that follows the alleged offense of embezzlement over a...

Prosecutor accuses the involved in Cofiec Case

Last Wednesday at the National Court of Justice, the Attorney General accused former director of the Banco Central del Ecuador (BCE) and representative of the Unidad de Gestión de Derecho Público (Ugedep), Pedro Delgado, and other eleven former officials of the Cofiec bank and...