ECUADOR: 7 EX-PETROECUADOR OFFICIALS ARRESTED IN A MULTI-MILLION DOLLAR BRIBERY SCHEME

On 7 November, OCCRP reported that police had arrested 7 people, including 4 former executives of the country’s oil company Petroecuador, suspected of participating in a multi-million dollar bribery and money laundering scheme that allegedly involved a friend of a former President.  The suspects are business partners of Nilsen Arias – an accused money launderer and ally of Ecuadorian ex-President Rafael Correa. 

https://www.occrp.org/en/daily/16992-ex-petroecuador-officials-arrested-in-a-multi-million-dollar-bribery-scheme

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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