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National Court sentences Pedro Delgado to five years in prison for illicit association
Posted On 09 Jan 2019
Ecuadornews:
The National Court of Justice of Ecuador today condemned to five years of prison the ex-president of the Central Bank, Pedro Delgado, cousin of ex-President Rafael Correa (2007-2017), for the crime of illicit association, informed the Office of the Prosecutor.
In addition, ordered the restitution of $ 788,855.94, confiscation (confiscation) of the assets of the sentenced and public apology, said the Public Ministry in his Twitter account.
Pedro Delgado presided over the Central Bank, where he allegedly also allowed loans of high amounts of money without due documentation or guarantees.
Delgado is in Miami (USA) for six years, where he went after resigning the management of the issuing institute, after a scandal for having accepted that he falsified his university degree.
In September of last year, an Ecuadorian judge requested the extradition of Delgado to go to jail, after ratifying a sentence against him in 2015 for eight years for embezzlement.
The judge also issued a writ of appeal against Delgado as the alleged perpetrator of the crime of illicit enrichment, based on a record of the unjustified increase in assets of more than 1.2 million dollars.
In December 2012, Delgado resigned his duties as president of the Central Bank, after admitting that he used a false university degree fraudulently.
Delgado then lost the support of President Correa, who withdrew his support and criticized him for causing “serious damage” to his administration. (I)
