Ex-Ecuador leader sentenced for corruption
An Ecuadorian court has sentenced former President Lenín Moreno to five years in prison for accepting bribes from a Chinese company, "Sinohidro," which carried out the project of the largest hydroelectric dam in the country, the "Coca Codo Sinclair" dam. The total amount of bribes was $76 million, approximately 4% of the project's cost, during the period when Moreno served as vice president from 2007 to 2013, before assuming the presidency from 2017 to 2021. Moreno confirmed that he did not receive any money from the company and blamed the "Korean system" for the case, indicating that his former political rival, who has also been convicted, is seeking revenge against him.
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