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Ecuador Detains Former Top Oil Officials in Graft Probe

Ecuador Detains Former Top Oil Officials in Graft Probe Stephan Kueffner, Bloomberg News (Bloomberg) Authorities in Ecuador detained fourteen current and former senior government officials, including Pablo Flores, the one-time boss of state-owned Petroecuador, less than a week after allegations of bribery involving the company emerged from a U.S. investigation. A team of prosecutors and police led by Prosecutor General Diana Salazar searched residences and offices in three Ecuadorian cities and seized computers and cash. Those detained under suspicion of organized crime also include Pablo Celi, the current comptroller general and former Oil Minister Jose Agusto. A spokesman for the office of the prosecutor said he couldn’t comment as to whether the raids were related to the bribery revelations linking Petroecuador with commodity traders Vitol Group and Gunvor Group Ltd. A former Gunvor employee pleaded guilty in New York last week to helping bribe Ecuadorian officials to w

Pro-Business Conservative Wins Presidential Election In Oil Producer Ecuador

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