Cousin of Ecuador's President Convicted of Embezzlement

March 16, 2015 5:45 PM

2 0

A court in Ecuador has convicted a first cousin of President Rafael Correa in the embezzlement of $800,000 from a state-run lender while he ran the country's central bank.

The three-judge tribunal convicted Pedro Delgado in a decision announced Monday. Correa's judicial secretary said Ecuador would seek the extradition of Delgado, who was believed living in Miami.

Also read: Hungarian central bank to give banks more time to build capital buffers

Read more

To category page