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Villavicencio alleges corruption in oil contracts
Posted On 27 Dec 2017
Ecuadornews:
The former unionist said that it is one of the biggest cases of corruption in the history of the country. The losses would exceed $ 2 billion. Former trade unionist Fernando Villavicencio arrived in the National Assembly on Tuesday to deliver documentation related to alleged acts of corruption in marketing contracts and public debt with China and Thailand.
In delivering his complaint to José Serrano, president of the Assembly, Villavicencio said that it is an 8-year investigation into one of the “greatest cases of corruption in the history of the country, related to this massive debt with China and Thailand, arranged by former President Rafael Correa, since 2009, and which involves the country with a public debt of around $ 19 billion.”
He explained that, according to his investigations, to pay this debt, 1.2 billion barrels of oil have been committed up to the year 2024, delivered to Chinese companies directly, without a license, with between $ 2, $ 6 and $ 7 per barrel. “On average the country loses 4 dollars per barrel and when multiplying by 300 thousand barrels per day, we talk about huge figures “.
The oil ex-leader stressed that he delivers about 4 thousand pages with documents obtained in Ecuador, but also in Peru. He mentioned that the resources were to powerful intermediary companies linked to Ecuadorians related to senior officials of the previous government. The resources, he said, exceed $ 2 billion.
“This is the most important case, the Odebrecht case is really a children’s game,” he said. He added that in the documentation that delivers there are accounts, responsible, names of offshore companies, among others. Serrano indicated that he would analyze the information urgently and send it to the Oversight Committee of the Assembly. “The country and the citizens have an answer in the shortest possible time”. (I)
