Former Ecuadorian president imprisoned for corruption
Summary
Lenín Moreno, former president of Ecuador, was sentenced to five years in prison for corruption linked to a Chinese company’s contract to build a hydroelectric dam. Due to his age and disability, he will serve his sentence under house arrest and plans to appeal the decision.Key Facts
- Lenín Moreno was president of Ecuador from 2017 to 2021.
- He and 19 others were found guilty of corruption involving bribes from Sinohydro, a Chinese state-owned company.
- Sinohydro allegedly paid $76.1 million through fake companies to secure the hydroelectric dam project.
- Moreno will serve his sentence at home because of his age (73) and disability.
- Family members of Moreno, including his wife, daughter, and brother, were also sentenced.
- Those convicted must repay three times the bribe amount they received.
- Moreno was banned from holding public office.
- Moreno denied taking bribes and blamed previous president Rafael Correa, who was also sentenced for corruption in a related case.
- The dam project faced problems like cracks, leading Ecuador to sue Sinohydro and settle for $400 million in 2024.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
