Half of $4.9 billion meant for five oil-related infrastructure projects lost to corruption
Mathew Healy, PortandTerminal.com, January 8, 2019
Moreno said Thursday night in a message to the nation that an independent international audit found nearly $2.5 billion destined for works in two refineries, as well as the construction of an oil terminal, one natural gas plant and one pipeline, was lost to corruption, Ecuadorean President Lenin Moreno.
“Nearly $5 billion of Ecuadoreans’ money, when it should have cost half that,” Moreno said in the national broadcast. “This theft of public funds cannot go unpunished.”
Correa has denied allegations of corruption in his administration, calling them a political smear campaign. He lives in Belgium and has not returned to Ecuador since a judge last year ordered that he be jailed as part of a case involving the kidnapping of a lawmaker, in which he denies involvement.
The other projects Moreno mentioned during the broadcast included a natural gas liquefaction plant, a seaport, a fuel distribution
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