• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Álvaro Noboa asks Lenín Moreno to comply with the measure ordered by the Human Rights Committee
Councilor Hernán Ulloa asks to suspend printing of ballots for the elections
Diana Atamaint, Enrique Pita, José Cabrera and Luis Verdesoto were dismissed by an ECA judge
Office of the UN Human Rights Committee advocates the presidential candidacy of Álvaro Noboa
Álvaro Noboa’s team files a complaint with the Comptroller’s Office and the IGM
Álvaro Noboa cannot be selected as a candidate in the primaries
Without Álvaro Noboa, ballots are printed for the elections – Today’s informative forecasts
Ecuadorian Journalist Day, a date to remember the victims of violence and covid-19
Guayas Medical Association asks that flights from Europe be suspended
Faced with an increase in COVID-19 cases, Guayaquil will install tents to care for patients who arrive from other locations

In the United States, they accuse an oil subsidiary trader for alleged money laundering scheme

Posted On 23 Sep 2020

Through a statement, the United States Department of Justice announced that on Tuesday a federal jury from the Eastern District of New York issued an indictment against a member of a United States subsidiary of a multinational oil trading and distribution company for his alleged participation in a scheme to launder money and pay bribes to Ecuadorian officials.

In the United States, they accuse an oil subsidiary trader for alleged money laundering scheme

The citizen involved is Javier Aguilar, 46, Mexican and resident of the United States, who has been formally charged with two charges: conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and conspiracy to commit money laundering.

“As alleged in court documents, including the criminal complaint that was released today, between approximately 2015 and July 2020, Aguilar and others participated in a conspiracy to pay and hide bribes from Ecuadorian officials at the time, including the Public Company of Hidrocarburos del Ecuador (Petroecuador) in order to obtain and retain business for the commercial company, in particular, a contract of $ 300 million for the purchase of fuel oil that was awarded to a state-owned entity for the benefit of the company “, says the statement from the Department of Justice.

Aguilar and other co-conspirators would have concealed the profits and the bribery scheme through false consultancies between intermediaries and shell companies, which were used by the commercial company even knowing that they would be used to pay government officials.

“On July 5, 2018, Consultant 1, who resides in the United States, and Consultant 2, while in the United States, sent instructions to a bank to send approximately $ 225,000 from an account that belonged to them that was located in Cayman Islands through a correspondent bank, located in New York, to an account in Portugal for the benefit of the Ecuadorian official 1 ”, says the accusation document on one of the facts that they managed to identify.

The entity indicated that it would be approximately $ 870,000 that had been promised to officials as bribes in favor of the international company.

Currently the case is under investigation and it was clarified that Aguilar is presumed innocent until his guilt is proven. The names of those involved are with the authorities. (I)

https://www.eluniverso.com/noticias/2020/09/22/nota/7987351/estados-unidos-acusan-comerciante-filial-petrolera-presunto-esquema

About the Author
  • google-share
Previous Story

The Government of Ecuador denounces millionaire fraud in pensions of the Police

Next Story

Court orders to stop paying life pensions to Correa and Glas, and to imprison those sentenced in the Bribery case

SEARCH

LATEST NEWS

Álvaro Noboa asks Lenín Moreno to comply with the measure ordered by the Human Rights Committee

Posted On 12 Jan 2021

Councilor Hernán Ulloa asks to suspend printing of ballots for the elections

Posted On 07 Jan 2021

Diana Atamaint, Enrique Pita, José Cabrera and Luis Verdesoto were dismissed by an ECA judge

Posted On 07 Jan 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net