US court hands businessman 35 months in prison for multi-million-dollar bribes of officials within Ecuador’s state oil company - AML Intelligence
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US court hands businessman 35 months in prison for multi-million-dollar bribes of officials within Ecuador’s state oil company

A Miami-based businessman faces 35 months behind bars for his role in a multi-million dollar laundering and bribery scheme that involved public officials in Ecuador.

Armengol Alfonso Cevallos Diaz (58) – himself an Ecuadorian national – was convicted after a US court heard that he had funnelled bribes from the Unities States to senior figures within his home nation’s state-owned oil company, the US Department of Justice (DoJ) said in a statement Thursday.

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