Former Ecuadorian president sentenced to 12 years jail

Image
IANS Quito
Last Updated : May 30 2014 | 9:54 AM IST

Ecuador's National Court of Justice sentenced former president Jamil Mahuad to 12 years in jail for embezzlement, media reported Friday.

The court said Thursday in its Twitter account that Mahuad's crime "had caused enormous social consequences that Ecuador continues to suffer to this date", Xinhua reported.

Mahuad, who is now living in the US and teaching at Harvard University, faces a remand order issued by the court for a trial over embezzlement.

The 64-year-old politician, who was elected president of Ecuador in 1998, was forced to resign in January 2000 after a week of demonstrations by Ecuadorians and a military revolt.

Mahuad has rejected the indictment, arguing that the case against him was politically manipulated.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2014 | 9:44 AM IST

Next Story