Former Ecuadorian President Imprisoned Due to Bribery
An Ecuadorian court has sentenced former President Lenín Moreno to five years in prison after finding him guilty of participating in a scheme involving fraud and accepting bribes from a Chinese company in exchange for facilitating its contract to build the "Coca Codo Sinclair" hydroelectric plant, one of the country's largest energy projects. Investigations indicate that the Chinese company "Sinohydro" paid a bribe worth approximately $76 million, about 4% of the project's value, during the period from 2008 to 2018, when Moreno was vice president. Despite his conviction, Moreno denied receiving any money and blamed the Korean regime, accusing it of corruption and seeking revenge against him. As a result of the verdict, Moreno, who suffers from physical disabilities that prevent him from walking, will serve his sentence under house arrest. The court also sentenced his wife, daughter, and brother, imposing prison sentences on them, and ordered all convicted individuals to return the illicit funds. This trial is considered one of the most prominent corruption cases involving former presidents of Ecuador and follows previous scandals involving presidents such as Rafael Correa and Jamil Mahuad.
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