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Tomislav Topic handed over USD 2.5 million to the Prosecutor’s Office as ‘evidence.’

Ecuadornews:     Tomislav Topic is a shareholder of Telconet. This company is currently investigated by the Public Prosecutor’s Office within the Odebrecht case. In a document, prosecutor Diana Salazar asks Justice to authorize the deposit of USD 1, 9 million and...
Posted On 08 Aug 2017
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Chinese counterfeit medicines were distributed in 31 cities

Ecuadornews:     Police officers raided a house located in the center of Cuenca, in that place worked an importing company that brought medicines from China. Since the police raided those offices and the Agency for Regulation, Control and Sanitary Surveillance (Arcsa)...
Posted On 08 Aug 2017
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The Senae seized $ 1.4 million in goods

Ecuadornews:     The National Customs Service (Senae) announced Monday the seizure of a shipment of merchandise valued at about $ 1.4 million coming from Panama, which attempted to enter the country through the Guayaquil Sea Port, circumventing the controls with a...
Posted On 08 Aug 2017
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Government asks oil companies to assist in deporting Capaya

Ecuadornews:     President Lenin Moreno held a meeting yesterday with the delegates of the largest oil companies and operators working in the country: Halliburton, Repsol, Petrosud Consortium – Petroriva and Baker Hughes. One of the aims of the government was to...
Posted On 08 Aug 2017
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Debt: capital payment will grow by 60% in 2017

Ecuadornews:     The amount of the public debt amortization – i.e. the payment of debts acquired in previous years and that must be honored annually by the Treasury – will grow by 60% in 2017 compared to the last year. The amortizations will reach USD 7034...
Posted On 08 Aug 2017
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Judge ordered house arrest of former Comptroller General Carlos Pólit

Ecuadornews:     The criminal judge of the National Court of Justice (CNJ) Luis Enríquez ordered the preliminary inquiry for 90 days and ordered the house arrest against of former Comptroller General Carlos Polit for the alleged crime of concussion. According to Article...
Posted On 08 Aug 2017
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Twelve former Legislators lash out against the Attorney General

Ecuadornews:     Twelve former opposition lawmakers, including a former PAIS militant (Oswaldo Larriva), met again yesterday. The major goal, they said, is the fight against corruption. After enrolling in the “Collective of former legislators for democracy and...
Posted On 08 Aug 2017
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Private banks plan to manage the electronic money system by the end of 2017

Ecuadornews:     Private banks already have a plan for the management of electronic money. First, legal reforms must be done the Public Finance Code to ensure the exclusive control of private banks and cooperatives; and delegate the regulation of tariffs to the Monetary...
Posted On 08 Aug 2017
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Partial veto to the Law on Tax Havens

Ecuadornews:     The presidential decision to veto the Tax Havens Act does not appeal to everyone in the Legislature. Legislators from the opposition believe that such law does not combat corruption, such as the latest acts of corruption investigated by the Office of...
Posted On 08 Aug 2017
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‘Overestimated’ income in the budget pro forma that arrived in the Legislature

Ecuadornews:     Last Friday, the presidential office delivered the 2017 budget proforma – amounting to $ 36,818.12 million – to the Legislature maintaining a budget deficit of 4.7% of the Gross Domestic Product (GDP). The budget would have been elaborated...
Posted On 08 Aug 2017
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