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Ecuador Political News

United States investigates bribes for $ 6.5 million in Seguros Sucre- Ecuador Times

Two judicial processes in the United States are investigating the payment of bribes at the Ecuadorian state-owned Seguros Sucre SA in exchange for maintaining reinsurance contracts. At the center of the accusation is the former chairman of the board and former adviser to then-president Rafael Correa, Juan Xavier Ribas Domenech , based in Miami.

According to the judicial statement of the US agent in charge of the investigation, the bribes were allegedly paid between 2014 and 2016 and exceed $ 6.5 million . Of that amount, at least $ 1 million was deposited to Ribas Domenech and his relatives in the US financial system. The US, while another part was delivered in cash and investments, which would add about $ 3.6 million.

The allegations are of course money laundering and violations of the Foreign Corrupt Practices Act (FCPA), and the arrest of all individuals is called for. The documents were only made public last Thursday despite dating back to several weeks ago.

To read the full article on Ecuador Times, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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