The uncontrolled seized assets turn on alarms
Ecuadornews:

The seizure of assets to the closed bank has irregularities since its conception. The Comptroller General of the State says so and its list of reports on the transfer of assets of the bankers to the State. The errors subsist and generate claims, for example, of the Isaiah brothers.
Only between July 2015 and December 2017, the Comptroller made six reports on different cases in the process of seizure, administration, sale and lease of more than 544 goods obtained after the crisis of 1999. These documents resulted in 30 recommendations to comply. Only seven observations were complied.
One of the reasons for the breach of about 66% of the recommendations is that the management of real estate went to different hands. From the Public Law Management Unit (Ugedep), which was abolished in June 2015, and the Central Bank of Ecuador moved goods to the administration of the Real Estate Management Service of the Public Sector (Real Estate) and the Ministry of Agriculture.
The Central, within its tests, explained that it could not comply with the orders for improvement of the Comptroller because 348 goods passed to Real Estate and the Ministry of Agriculture. In other cases, on the other hand, the legal regulations were modified.
What are the anomalies that were not corrected after the Comptroller’s disposition? In the list there are, for example, constant indications to the fixing of amounts for the sale or lease of the real estate. The Central delivered, under the figure of donation, several properties to other public entities.
EXPRESO published yesterday that the breaches were maintained in the transfer. Real Estate did not have adequate valuations for the sale of lots, offices, premises and homes. It also did not collect leases and caused an affectation to the state finances.
The lack of studies to estimate the prices caused, says the Comptroller General, that the best market value for the State is not obtained. In addition, there was no follow-up mechanism to evaluate the management of assets and the personnel that was in charge of operations during the regime of former President Rafael Correa.
The current Real Estate administration informed that the observations of the control entity were taken into account and reforms will be made to the regulations for the management of the assets that were seized from the closed bank.
The initiative of the current owner of Real Estate, Nicolás Issa, does not fully convince those who originally owned the assets that are now under analysis. Jorge Zavala Egas, judicial attorney for the brothers Roberto and William Isaías, explained to this newspaper that good intentions should be taken to concrete facts. “It is up to the Ecuadorian State to exercise the recovery actions of what has been squandered by the management of the same State.”
Zavala Egas also insisted that the State has a pending account with the Isaias brothers. According to him, “the value of the business going on when it was seized in July 2008 is owed”.
The lawyer will continue in the search for money motivated by the decision of the Provincial Court of Guayas. On Wednesday, the courtroom confirmed that the assets cannot be sold or auctioned off.
Data
Report
The DNAI-AI-0528-2018 report of the Comptroller General of the State was approved on August 8 of this year. It contains an evaluation of the recommendations that are not applicable and partially fulfilled.
Disorder
The lack of a model for pricing and informality for the treatment of seized assets were analyzed in another Comptroller’s report that was approved in July of this year.
Observations
In addition to the aforementioned reports, the Comptroller’s Office found anomalies in the operations of the Gamavisión and TC Televisión media. The administration was harmful. (I)
Source: https://www.expreso.ec/actualidad/bienes-inmuebles-incautaciones-contraloria-corrupcion-YM2394076