Authorities fear for the seized farms that guaranteed the loan Duzac

Alexandra Lavayen

Alexandra Lavayen Rivera, representative of the Association of the Agrarian Revolution of Ecuador Farm workers, was concerned by the fear that the land acquired Cone livestock sector are included in loan guarantees given by Gaston Duzac.

The lands were sold to farmers for a loan made to the National Development Bank (BNF), which included a bonus with Certificates of Guaranteed Liabilities (CPG).

Lavayen said “in June we benefited from the CPG project: every acre was worth $ 6,000, but with the bonus of CPG it dropped to $ 3,000. That remaining money was lent to us by the BNF,” she explained. Meanwhile beneficiaries of the land have been concerned for several months because of the risk that the property, which was managing the property, was given as a pledge to COFIEC. Lavayen said authorities of Ground Plan of the Ministry of Agriculture said that these lands were not the problem.

Apparently, the confusion, the doubts caused by farmers, is that in the province of Guayas two farms located in two different places, but with the same name: Mercedes Agricultural Finance S.A. AGM Both belonged to the brothers Isaias Dassum until 2008, when the state seized and handed over the administration to the Colonel Darwin Puma and later to Esteban Garzon Cisneros.

Meanwhile Gaston Duzac is under a trial for the credit of $ 800,000 received byt Bank COFIEC and who gave assurances to Rocafuerte Insurance and Agricultural Mercedes, decided, at the request of Attorney General, Galo Chiriboga, the on May 3 Francisco Endara give his version of the facts.

Endara, who is brother-in-law of Pedro Delgado, president of the Board of the Central Bank of Ecuador (BCE) and former legal representative of the Management Unit of Public Law and cousin of the Ecuadorian President Rafael Correa, was denounced by Assemblyman Andres Paez (CREO) as one of the persons responsible for Duzac’s irregular credit. The call was issued on April 5.