New Ecuador VP after graft claims predecessor

Image
AFP Quito
Last Updated : Jan 07 2018 | 5:35 AM IST
Ecuadorian lawmakers have picked a new vice president, Maria Vicuna, to replace Jorge Glas, who has been jailed for six years for graft.
Vicuna, who has been in the post on an acting basis, won the support of 70 of the 137-member legislature. She was to be sworn in yesterday.
Glas, 48, automatically lost his title on Wednesday because he was absent from his post for more than the three months permitted under Ecuador's constitution -- because of his incarceration and pre-trial detention.
He is the highest-ranking Latin American politician to be convicted and imprisoned in a regional scandal involving a Brazilian construction group, Odebrecht, which gave bribes to secure public works contracts.
He was given a six-year sentence on December 13 by Ecuador's Supreme Court after being found guilty of receiving USD 13.5 million in Odebrecht kickbacks. He says he is innocent and will appeal.
But, taking into account his detention since October 2 pending his trial, he has not been able to carry out his duties for over three months.
Odebrecht, which was investigated by the US Justice Department, agreed to pay a USD 3.5 billion fine after admitting to giving 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 USD 47.

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: Jan 07 2018 | 5:35 AM IST

Next Story