08 Apr 2020
An Ecuadorian court sentenced former president Rafael Correa on Tuesday to eight years in prison after finding him guilty of corruption charges.
Correa, who was in office from 2007 to 2017, left Ecuador three years ago and now lives in Belgium. He and 19 others, including his vice president who is in prison for another corruption case, were accused of accepting $7.5 million in bribes in exchange for public contracts to finance his party’s electoral campaigns between 2012 and 2016.
The court also banned Correa from participating in politics for 25 years.
The prosecution accused Correa of heading a “criminal structure” and asked for the maximum sentence.
The former leader has denied the prosecution’s accusations, saying they are a political attack by current President Lenin Moreno, who Correa initially backed in 2017.
By Alexandra Valencia, Reuters, 7 April 2020
Read more at Reuters
RiskScreen: Eliminating Financial Crime with Smart Technology
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet