QUITO (Reuters) – Ecuador’s state prosecutors’ office said on Wednesday that it had opened an investigation of former President Rafael Correa and 10 former officials for alleged mismanagement of public debt during the last five years of his administration.
“There were irregularities in the use of public debt in the Ministry of Economy and Finance, the Central Bank of Ecuador, the National Planning Secretariat and other institutions (…) between January 1, 2012 and May 24, 2017,” the prosecutors’ office said in a statement.
Investigation - Audit - Comptroller - Correa - Others
The investigation is based on an audit by the national comptroller that concluded that Correa and others changed the formula for calculating the country’s debt to GDP ratio and refused...
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