Ecuador’s Former Comptroller General Indicted in Case Tied to Odebrecht

The U.S. Justice Section also alleges an Ecuadorean businessman bribed Mr. Polit close to 2015 to assistance him attain contracts from Seguros Sucre SA, the condition-owned Ecuadorean insurance policies business. Another member of the conspiracy helped cover the bribery proceeds by applying Florida companies registered in the names of associates, usually without their know-how, in accordance to the Justice Department.

The co-conspirators made use of the bribery gains to acquire and renovate authentic estate in South Florida, between other locations, and to acquire dining places and other companies, according to the Justice Department.

The department billed Mr. Polit with a person rely of conspiracy to dedicate revenue laundering, three counts of concealing funds laundering and two counts of partaking in transactions in criminally derived house.

A lawyer symbolizing Mr. Polit declined to comment.

Mr. Polit faces up to 20 decades in prison for every rely of funds laundering and conspiracy to commit income laundering if convicted, and up to 10 many years for each individual rely of partaking in transactions in criminally derived property, the Justice Section reported. A pretrial detention listening to is set for April 1 in Miami.

Odebrecht was the target of Brazil’s so-termed Operation Car or truck Clean, a sweeping probe that uncovered popular corruption between Latin America’s corporate and political leadership.

U.S. prosecutors said Odebrecht efficiently taken care of a “department of bribery” that paid out more than $700 million to officers all around the environment. Odebrecht in 2016 entered into settlements with authorities in the U.S., Brazil and Switzerland, and past yr adjusted its name to Novonor.

Publish to David Smagalla at [email protected]