Pedro Delgado was sentenced to eight years in prison for embezzlement

Pedro Delgado, former president of the Central Bank, guilty of embezzlement of public funds, was sentenced to 8 years in prison.

Pedro Delgado, former president of the Central Bank of Ecuador, and cousin of president Rafael Correa, was sentenced to eight years in prison for embezzlement of public funds, due to the illicit delivery of a loan for $ 800,000 to the Argentine citizen Gaston Duzac in 2011.

Five out of nine defendants of the Cofiec case were convicted by the National Court of Justice on March 15 of the current year. Today, in a press conference, the Attorney General’s Office announced the sentencing of eight years in prison for the accused in this case.
Galo Chiriboga, Attorney General regarding the awarding of loan, wrote on his Twitter account: “I think that this judgement for the Cofiec case is very important for the Ecuadorian justice.”

Apparently, those involved in this case would be also involved in money laundering, according to Chiriboga. Since November of last year, the extradition request for Delgado and Duzac would have been issued to the United States and Argentina.