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Report detects “unusual and unjustified” operations of the Alvarado brothers
Posted On 31 Jan 2018
Ecuadornews:
According to a report from the Financial Analysis Unit, shipments abroad would have been made above $ 4 million dollars. The brothers Vinicio and Fernando Alvarado Espinel, who held positions in the previous government, would have had “unusual and unjustified” operations, according to a report from the Financial Analysis Unit.
The document states that, while they were officials, the companies of both had irregular movements abroad that are estimated at $ 4’600,000, mentioning that between 2010 and 2017 money was sent to various destinations such as Chile, Argentina, Namibia, Ireland, United States and Singapore, in amounts that were rising as the years went by.
With regard to the handling of money of their relatives, the analysis maintains that there are incomes of several figures in account of his wife, mother, children, brothers, in front of minimum expenses in the last seven years of the previous administration, where Vinicio was secretary General of Public Administration and Fernando served as Secretary of Communication and Government.
Also, the study detected multimillion dollar movements in the advertising agency ‘Creacional’, which exceeded $ 124 million, compared to expenditures that did not exceed 4% of the money that went into the coffers of the company. (I)
