Ecuador

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Swiss probe suspected bribery, money laundering in Ecuador oil trading

Swiss prosecutors said on Wednesday they are investigating whether bribery, money laundering or other crimes linked to Ecuador oil trading were committed in Switzerland following a U.S. criminal case against an ex-Gunvor Group employee. U.S. prosecutors are investigating “the suspected bribery of Ecuadorian public officials and money laundering,” the Swiss… Read More

Drugs kingpins ‘strike deal with Ecuadorian cartel to flood Scotland with cocaine’

Drugs kingpins have struck a deal to flood Scotland with cocaine supplied by a cartel in Ecuador, it’s claimed. Hoods are said to be receiving huge hauls from South America before recruiting peddlers here to punt them on our streets. The plot comes amid disruption to the supply chain triggered… Read More

Mexico wants Vitol to reveal name of Pemex official who received bribes

Mexico wants Dutch energy giant Vitol to reveal the name of the state oil company official to whom Vitol paid bribes, President Andres Manuel Lopez Obrador said on Thursday. Petróleos Mexicanos, known as Pemex, is reviewing its contracts with Vitol in search of better terms after the company admitted to… Read More
24th June 2021
The owner of a transportation company that hauls gold around the country has been charged in a massive money-laundering case extending from Latin America to South Florida that is still shaking up the precious-metals industry four years after the initial indictment was filed in Miami. Jesus Gabriel Rodriguez Jr., CEO… Read More
30th May 2021
The State Department’s internal watchdog is investigating a possible bribery scheme involving a department employee who was allegedly paid by a construction company for inside information that helped it win contracts to build U.S. embassies and consulates. The probe by the State Department’s inspector general was disclosed in a federal… Read More
14th April 2021
Ecuador on Tuesday detained the country’s comptroller and a former energy minister as part of an investigation into corruption at three state institutions, including oil company Petroecuador, the national prosecutor’s office said. The arrests come after an employee of trading house Gunvor Group pleaded guilty to U.S. charges of involvement… Read More
7th April 2021
A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador. Raymond Kohut, 68, entered his plea to a money laundering conspiracy charge… Read More
30th March 2021
Customs officials in Ecuador discovered 185 baby tortoises packed inside a suitcase that was being sent from the Galápagos Islands to the mainland on Sunday. The reptiles had been wrapped in plastic and were found during a routine inspection at the main airport on the island of Baltra. Ten of… Read More
10th March 2021
Police in Belgium launched a huge operation against drug traffickers on Tuesday morning, in an operation targeted at cocaine smuggling groups. Belgium’s federal prosecutor’s office said searches had been launched at around 5 a.m. local time and involved more than 1,500 police officers. Local broadcaster RTBF said the raids… Read More
8th March 2021
Cardno has settled a lawsuit against Ecuadorians who sold the Australian engineering outfit a firm that was allegedly bribing top government officials and noting down the corrupt payouts in a coded journal. The acquired firm, Caminosca, was secretly greasing palms to win big project contracts in a scam using cipher… Read More
3rd March 2021
A money laundering trail totaling hundreds of millions of dollars that stretched from Latin America to South Florida has ended with corruption charges against a former Ecuadorian official and an investment manager once based in Miami. John Luzuriaga Aguinaga, 52, was arrested Monday on charges of accepting about $1.4 million… Read More
1st March 2021
By Max Radwin, InSight Crime, 27 February 2021 InSight Crime — An investigation has identified Mexico as a major contributor to a global seahorse trafficking network centered around China but this trade is also affecting other Latin American nations. The report, published in February by Mongabay… Read More
13th January 2021
Within the span of a week, cocaine was discovered in two separate maritime cargo containers bound for Libya, a strong indication that both the North African country and the broader region are becoming increasingly used cocaine transit routes to Europe and the Middle East. In December, customs inspectors in Malta… Read More