By Zoila Palma: An Ecuadorian court has found former President Lenín Moreno guilty of bribery in a corruption case linked to the construction of the country’s largest hydroelectric plant, the Coca Codo Sinclair facility.
Moreno, 73, was sentenced to five years in prison and permanently barred from holding public office. Prosecutors alleged that Chinese state-owned company Sinohydro paid about $76.1 million in bribes between 2009 and 2018 through fraudulent consulting contracts connected to the project.
Moreno’s wife and daughter, along with two brothers and their wives, were also convicted and sentenced to two and a half years in prison.
Cai Runguo, China’s former ambassador to Ecuador, received a five-year sentence. Prosecutors alleged that more than $1 million reached Moreno and his relatives while he was vice president between 2007 and 2013.
Moreno, who served as Ecuador’s president from 2017 to 2021, has consistently denied the allegations.
The post International News: Ecuador court sentences former President Lenín Moreno to 5 years for bribery appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: An Ecuadorian court has found former President Lenín Moreno guilty of bribery in a corruption case linked to the construction of the country’s largest hydroelectric plant, the Coca Codo Sinclair facility. Moreno, 73, was sentenced to five years in prison and permanently barred from holding public office. Prosecutors alleged that Chinese state-owned
The post International News: Ecuador court sentences former President Lenín Moreno to 5 years for bribery appeared first on Belize News and Opinion on www.breakingbelizenews.com.
