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President Lenin Moreno asks to revise the Capital Gains Law

Ecuadornews:     President Lenin Moreno announced Monday he has called for a review of the scope and the application of the Capital Gains Law, which aims to avoid speculation on the value of land. “Construction is one of the sectors that generate more jobs....
Posted On 25 Jul 2017
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Topic confesses that he paid $ US5 million in bribes to Glas’s uncle

Ecuadornews:     Businessman Tomislav Topic, the owner of Telconet, confessed to the prosecutor’s office last week that he paid a total of $ 5 million in commissions to Ricardo Rivera Aráuz, the uncle of Vice President Jorge Glas, for serving as a nexus to close...
Posted On 25 Jul 2017
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Odebrecht used 23 ‘offshores’ to hide the beneficiaries of the bribes

Ecuadornews:     To cover up the origin of the bribes, Odebrecht used three to four levels of washing. In Ecuador, the Brazilian construction company used its local suppliers and ‘offshore’ companies established in tax havens to hide the payments and avoid...
Posted On 25 Jul 2017
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The President appoints people he trusts in State Positions

Ecuadornews:     There is still discomfort within the Alianza PAIS party. The bureau of the government party now has new faces that are close to President Lenin Moreno. Minister of Defense Miguel Carvajal, Minister of Foreign Affairs Maria Fernanda Espinosa, and...
Posted On 25 Jul 2017
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Official and unsigned documents held by Odebrecht are found

Ecuadornews:     The Brazilian construction company Odebrecht had access to privileged information of the state projects in which, it eventually participated. These are blank documents, without authorized signatures, with the specifications for contracting, bidding and...
Posted On 25 Jul 2017
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