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· October, 2012

Stories about Ecuador from October, 2012

Ecuador: Cofiec Banking Loan Irregularities Unleash Outrage

Antonio Buñay, former executive chief of Cofiec Bank – a state owned bank- and the alleged responsible person for the Cofiec case, which is causing stir in the Ecuador legal system and among citizens, appeared before the prosecutor's office on October 16, 2012. The #CofiecCase, as Ecuadorian Twitter users have named it, was uncovered after irregularities were found in a Cofiec banking loan for US$800,000 granted to the Argentinian investor Gastón Duzac.

Written by Belén Quezada
Translated by Omar Zainab Ceña
23 October 2012

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