Prosecution begins investigation for selling EQ2

Workers of EQ2

The Prosecutor General’s Office began on 4 January, a preliminary inquiry to investigate the sale of the seized company EQ2, which was conducted by the Management Unit of Public Law (Ugedep) and funded by the National Finance Corporation (CFN) through Guaranteed Passive Certificates (CPG) in favour of the Ecuadorian Sugar Corporation, which includes the Gloria Group of Peru.

Yesterday, Assemblyman Enrique Herreria revealed that he was already notified to give his free and volunteer statement on the case. The Assemblyman was called for February 20. Herreria filed a petition on January 22, for the inquiry that was initiated to investigate the handling of firms seized by the Ugedep, and take special attention to the case of EQ2, through a proprietary process.

Herreria said there is already a special review of the Comptroller General of the contract regarding the 70% sale of the shareholding package of the company. In the previous results of those exams, some serious irregularities were discovered during the sales process.

One of the irregularities that were detected was that, back the then president of the Auction Committee, Pedro Delgado, adopted arbitrary decisions without consulting the members of the collegial body on the timing of the competition, there were also irregularities in the desert declaration process recruitment and the reduced price of the base of the property by 20% (more than $ 49 million).

Meanwhile, the Central Workers of Ecuador gave Sugar, Jan. 31, a letter to the acting president, Lenin Moreno, copied to President, Rafael Correa, as well as Katya Torres, president of the Board of the Trust No more impunity CFN AGD and Camilo Saman, president of the CFN, to report that to the date the delivery of the 30% of the shares to the workers, as Delgado promised has not happened, so the EQ2 workers declared the former official as persona non grata.