Duzac’s Loan Officer did Gave Guarantees

COFIEC case takes a new turn

Esteban Garzon Cisneros, was the Business official in charge of following the loan of $ 800,000 that bank COFIEC gave to Gaston Duzac. Cisneros appears as legal representative of Agricola Mercedes (AGM) gave the guarantees of the seized company to support the disbursement.

The former executive president of COFIEC, Maria Fernanda Luzuriaga, in her statement before the Audit Commission of the Assembly, revealed this information. In her statement she pointed out that Cisneros had two charges at the same time in two companies of the Management Unit Trust Public Law AGD-CFN No More Impunity (Ugedep for its Spanish acronym). She also stated that Francisco Endara Clavijo, brother in law of Pedro Delgado-cousin of the Ecuadorian president Rafael Correa, was a key player for the approval of the credit.

According to Luzuriaga, was fired unexpectedly by the board, for allegedly leaking information to the press. In the internal audit report of COFIEC carried out on June 2012, Garzon appears as an employee of the institution in two cases of advances delivered that were audited. AV