EQ10 Declared Pedro Delgado, President of the Trust as Persona Non Grata

Pedro Delgado

Pedro Delgado, president of the Trust No More Impunity Ugedep, announced the workers that the 12,4% of EQ10 shares would be for them, as if they were shareholders, but this has turned out to be false. That 12,4% belongs to the 30% of the shares that must be sold and that were offered by the Ecuadorian president, Rafael Correa, to the workers.

After two months the Committee of Ecudos Company, one of the firms of the EQ10 group, carried out a draft that declared ‘Persona non grata to Pedro Delgado, president of Ugedep’.

Meanwhile the General State Comptroller detected several irregularities in the sale of EQ10 and other incongruence’s in the administration of seized companies, which earned a calling to the control of Ugedep.

In an announcement made by the National Financial Corporation (CFN for its Spanish acronym) a legal representative of the Trust, certified through a document delivered last Monday. The text explained that in the files of the fiduciary there are no resolutions that confirm such action.