Prosecutors tracked down during 10 months if money was laundered in Ecuafutbol

Image: El Universo

The investigation of the Ecuafutbol case totals more than 690 files and three days of hearings. Through reports, testimonies, international criminal attendances and seized documents an alleged case of money laundering within the Ecuadorian Football Federation (FEF) is detailed.

Today is a key day in this case. This morning, Judge of Criminal Guarantees of Pichincha, Ana Lucia Cevallos, will decide whether Luis Chiriboga, president of the FEF, who is under house arrest; Hugo M. and Peter V., accountant and treasurer of the FEF, who are fugitives, go to trial.

The latter two belonged to the Finance Department and according to prosecutors, would have knowledge of “the unusual and unjustifiable economic movements” in the accounts of the FEF in four national banks.

Firms that authorize these transactions belong precisely to Hugo M. Prosecutor of the case Diana Salazar accused them of having allegedly transferred USD 16 million through 47 letters of authorization signed by Chiriboga and that would not have had legal backups.

Source: http://www.elcomercio.com/deportes/fiscalia-ecuafutbol-chiriboga-fef-futbol.html