Prosecutor investigating Delgado’s performance in the Trust

Galo Chiriboga

Following the instruction against Pedro Delgado Campana, former president of the Central Bank of Ecuador (BCE) and cousin of the Ecuadorian president, Rafael Correa, the Attorney General initiated further inquiries against Delgado for alleged irregularities in operations from the Trust AGD -CFN No More Impunity, during his tenure as president of the BCE. The prosecutor Galo Chiriboga, who also said the new research was conducted on the basis of a report issued by the Superintendency of Banks (SB) confirmed this yesterday.

The prosecution emphasized that SB made “serious objections” to the use of guarantees of public goods, during the presidency of Delgado as a representative of the Trust, which also includes the Bank Cofiec.

Meanwhile, Chiriboga said the report was forwarded to the prosecutor to investigate the new elements detected by the Superintendency about the administration of Cofiec and the operations made from the Trust. These charges are in addition to those already imposed against alleged misrepresentation of Delgado, who also has a claim for alleged embezzlement for the loan that the bank Cofiec gave the Argentinean businessman Duzac Gaston, for $ 800,000.

On April 5, the prosecution called several versions for research purposes to the staff of Bank Cofiec and another to Francisco Endara, Delgado’s brother-in-law, who was present at Cofiec the day the bank granted loans to Duzac.