U.S. Revokes Fugitive Ex-Bank Chief’s Visa to Aid Ecuador

The U.S. revoked the visa of Pedro Delgado, Ecuador’s fugitive former central bank president, after the Andean nation requested help bringing him home for questioning over alleged dereliction of duty.

U.S. authorities responded today to Ecuador’s requests for aid by revoking Delgado’s visa, according to a statement published in the president’s official gazette.

Delgado, President Rafael Correa’s cousin, fled the country Dec. 19 after admitting he never graduated from university and used a fake degree for more than two decades while occupying public positions requiring a college diploma. Correa said Dec. 20 Delgado was allowed to leave because he’d already planned a trip to Miami to visit his family over the holidays.

“You have to stay here,” Correa’s personal secretary initially told Delgado before he left, according to the president. Delgado replied “I’m leaving, but I’ll be back after New Year’s.”

Lawmaker Enrique Herreria, who brought the charges against Delgado that led to his resignation, said the alleged crime carried a prison sentence of between nine and 12 years, newspaper El Comercio reported Dec. 20.

Delgado acknowledged the lie at a news conference, saying “I presented a document with no value that certified I had a degree which I didn’t hold,” Delgado said, apologizing to his family and the Ecuadorean people. “I committed an extremely grave error 22 years ago, I made the wrong decision to achieve an academic objective and I made a mistake that today is costing me dearly.”

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net.

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net

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