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Results for “money laundering”Clear
Ecuador's Superintendency of Companies ordered an external administrator installed at Granasa, publisher of two of the country's largest newspapers, after the company refused to hand over internal legal records. The Inter-American Press Society called it 'an intimidating act' of indirect censorship.
President Noboa announced Friday that the national government will operate from Guayaquil for several weeks, with the National Police high command relocating as well. The move comes two days after the arrest of Guayaquil’s mayor and amid record violence that made Ecuador the world’s most dangerous country in 2025.
Aquiles Alvarez, the sitting mayor of Ecuador's largest city, was arrested on organized crime and money laundering charges and transferred to Latacunga prison. Over 50,000 people marched in his defense while a massive commercial building fire burned just eight blocks away.
Ecuador's largest city lost its mayor in a pre-dawn raid on February 10. Prosecutors detained 11 people — including Alvarez and his two brothers — on charges of organized crime, money laundering, and tax fraud. The vice mayor called it political persecution.
