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Yesterday, Pedro Delgado, the representative of Unidad de Gestion de Derecho Publico (Ugedep), presented to Prosecutor of Pichincha a penal charge against the Argentinean Gaston Duzac, the firm Scanbuy and all those involved in the loan of a credit from COFIEC to the businessman....

Ecuadorian Foreign Minister, Ricardo Patiño, is going to send a response this week to the UK refusal on giving safety pass to the founder of Wikileaks, Julian Assange. Patiño is currently at Lima (Peru) participating in the Summit of South American and Arab Countries’ leaders, in...

The resolution was issued on September 27, 2012 and annuls the process, began on May 19, 2010 against Industrial Bananera Noboa, to collect an alleged debt of $ 98 million. The resolution also lifted the precautionary measures imposed on real state and personal property of...

The Iranian ambassador, Majid Salehi, deposited 1,8 million dollars in cash, in bills tied with strings of the Treasury Department of the United States. This action generates doubts regarding the logistics used to do this, since the volume of bills suggest that to transport them,...

So far there are six possible candidates for the presidency of Ecuador: Guillermo Lasso, Alberto Acosta, Lucio Gutierrez, Rafael Correa, Alvaro Noboa and Abdala Bucaram, the last four, are not yet official candidates in the parties they represent. (MZ)

QUITO, Ecuador The Concertacion movement, led by Cesar Montufar, stayed out of the 2013 elections according to the signature verification process carried out by the National Electoral Council (CNE for its Spanish acronym). Concertacion required 17,500 signatures to complete the...

Antonio Bunay, former president of COFIEC, worked in the financial organization from July of 2010 until January of 2012. He was the responsible of approving the deposits made by the Embassy of Iran on November 15 and 24 of 2011. However, Bunay doesn’t know how did 1,8 million...

Ecuadorian Foreign Minister Ricardo Patiño, again requested safety pass for the founder of Wikileaks, Julian Assange, during the United Nations General Assembly held in New York last September 26. The British government continues to deny the safety pass to Assange, who has a...

It’s hard to determine exactly what went down on September 30 of 2010, a day in which the Ecuadorian President Rafael Correa went to the “Regimiento Quito” to solve the police insurrection. After a heated speech, and gestures that including throwing a tie and saying with a...

COFIEC, is a bank of the Ecuadorian state, received two deposits in cash from the Embassy of Iran, one from $500,000 and another for 1’360,000. Gustavo Becerra, the compliance officer of COFIEC informed that on November 11 and 14 of 2011, two accounts were created for the Embassy...