Ecuador's VP handed 6 years in prison in Odebrecht graft case

Image
AFP Quito
Last Updated : Dec 14 2017 | 4:20 AM IST
Ecuador's vice president, Jorge Glas, was sentenced to six years in prison today for receiving illegal kickbacks from Brazilian construction giant Odebrecht.
He is the highest-ranking politician to be convicted in the sprawling case centered on Odebrecht, whose past practice of giving bribes to secure public works contracts has cast a cloud over officials and ex-officials in several Latin American countries.
Glas, 48, had been in preventive custody since October, after his immunity was lifted by Congress -- though he was allowed to remain vice president.
His trial before Ecuador's Supreme Court started last month.
He can appeal the sentence, which will not take effect until confirmed by the court at a later date.
Prosecutors said Glas received a total of $13.5 million in Odebrecht bribes, via an uncle who is also under arrest. He was also charged with illegal association.
Three other individuals have been sentenced to 14 months in prison in the same case, their sentences lightened by "effective cooperation" with authorities, according to the verdict read by judge Edgar Flores.
In an October interview from prison in Quito, Glas told AFP he was a victim of the construction giant's revenge after he was instrumental in kicking the company out of Ecuador in 2008 following a dispute over repair of a hydroelectric plant.
Glas, who was minister of strategic sectors before becoming vice president in 2013, denied any link to the Odebrecht scandal, though his uncle, Ricardo Rivera, has been arrested for his alleged involvement.
Under investigation by the US Justice Department, Odebrecht agreed in December to pay a record USD 3.5 billion fine after admitting to paying USD 788 million in bribes across 12 countries to secure contracts.
The scandal has ensnared politicians in several countries, including Mexico, Peru, Panama and Venezuela.
Ecuadoran prosecutors said Odebrecht spent $47.3 million in bribes in their country to get public contracts.
Ecuador's former president, Rafael Correa, told CNN Spanish from Panama that Glas was a "political prisoner" and there was "no evidence against him."
He claimed the conviction was a way for his successor, President Lenin Moreno, to seize control of the vice president's office.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Dec 14 2017 | 4:20 AM IST

Next Story