Quito Mayor Travels to US in Search of Truth over Odebrecht Corruption

By: Ysol Delgado - Jan 11, 2017, 2:24 pm
The Odebrecht corruption scandal has rocked Ecuador, dividing the country along political lines (
The Odebrecht corruption scandal has rocked Ecuador, dividing the country along political lines (El Telegrafo).


Quito mayor Mauricio Rodas traveled to the United States on Tuesday to ask the US Justice Department to disclose the names of officials who received bribes from Odebrecht.

Rodas announced that he will denounce the alleged corruption before the Organization of American States (OAS), as well as what he described as a “political persecution by the government of Rafael Correa.”

In addition, the mayor addressed the accusations of Correa, who has fingered Mauro Terán as “the powerbroker in the municipality of Quito” and for having participated in the negotiations of bribes in conjunction with the construction of Quito’s metro by the Brazilian construction giant.

Mauro Terán was arrested last Friday by the Prosecutor’s Office, and has been charged over an unexplained two million dollars worth of deposits in his personal bank accounts over the last two years.

Regarding the suspicious bank statements, President Correa has alleged through his Twitter account that the deposits in question coincide with the dates of the Odebrecht metro negotiations.

At the press conference, Rodas read an official statement to the public stating that Terán “is an honorable person and I hope that his innocence will be proven during the process.”

He also noted that Mauro Terán has long collaborated with him in logistics of various projects, with respect to the legal and political fields.

The allegations of corruption and bribery have caused a stir in the Andean nation, which is gearing up for presidential elections next month. Current President Rafael Correa has already tried to do damage control, alleging that his administration will be accused in connection with Odebrecht, but asserting that the allegations are baseless.

Although Correa’s left-wing former Vice President Lenin Moreno is currently leading in opinion polls, centre-right opposition candidates such as Guillermo Lasso and Cynthia Viteri are within striking distance.

Given Latin America’s swing to the right in recent years, it is likely to be a closely contested election, which could head to an April runoff if no candidate receives 50% of the vote, or 40% with a 10% margin of victory over the closest candidate.

Source: La Republica

Ysol Delgado Ysol Delgado

Ysol Delgado is a Venezuelan reporter with the PanAm Post from Mexico City. She specializes in public relations, digital marketing, and investigative journalism. Follow her on Twitter: @Ysolita.

Chavista Socialism Has Destroyed 570,000 Businesses in Venezuela

By: Sabrina Martín - @SabrinaMartinR - Jan 11, 2017, 10:56 am

EspañolOnly 230,000 companies remain of the 800,000 that opened in Venezuela during Hugo Chavez's regime, meaning 570,000 have shut down. Price controls, labor laws and threats are the main reasons that experts think caused Venezuela's industrial collapse, and which left the business sector in ruins. According to unofficial and preliminary figures from the Central Bank of Venezuela, the 2016 inflation was 830 percent and the Gross Domestic Product fell 23 percent. There will be no end to Venezuela's crisis as long as President Nicolás Maduro insists on state control of the economy, first Vice President of the National Council of Commerce and Services Alfonso Riera said. "That only 230,000 operating companies currently exist out of the 800,000 registered in 1998 should be a call for reflection, and guarantee private companies the space to recover domestic production," he said. "No matter how many times the wage is increased, inflation will continue to surpass the depth of Venezuelans' pockets." He also said constant and unexpected salary increases implemented by the government don't help either. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   "By increasing costs to companies without creating conditions in which they are able to honor them, businesses are doomed to close and put workers into unemployment, he said. with the closure of more than 500,000 companies over the last decade, the immigration of at least two million Venezuelans and the loss of one million jobs, it's clear that changing the economic model is a necessity. Source: El Carabobeño; La Patilla

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