Through official reports of the Cofiec bank (owned by the Ugedep), the former president of the financial entity, Gino Caicedo, detailed how in February 2012 there was an attempt to sell Cofiec to banks of Iran.
Caicedo revealed that in this process Pedro Delgado participated as a representative of the Management Unit Public Law (Ugedep) and chairman of the Central Bank of Ecuador. Francisco Endara, Delgado’s brother-in-law, was also involved, along with Gaston Duzac.
Delgado, as president of the Central Bank of Ecuador, had tried to sell the bank Cofiec Iranian banks, among these the Pasargad, however there were no firm proposals and negotiation was dissolved.
“The order is to sell the bank and we have promoted the sale of the bank, not only in Iran … Cofiec is in the process of sale,” said Pedro Delgado, who is also a cousin of the Ecuadorian president, Rafael Correa, when he was asked on the subject shortly before his resignation and confession that he forged the title of economist. He is now self-exiled in Miami and faces several legal actions.