Ecuador Puts Ex-President on Trial for Campaign Finance Fraud

  • Rafael Correa accused of leading bribery ring as president
  • Moody’s cut Ecuador ahead of trial on 2022 debt repayment fear

Rafael Correa

Photographer: Meridith Kohut/Bloomberg

Lock
This article is for subscribers only.

Former President Rafael Correa goes on trial before Ecuador’s highest court starting Monday on charges of campaign finance fraud and accepting millions of dollars in bribes.

Correa, 56, president for a decade through 2017, and 20 other defendants including former Vice President Jorge Glas, presidential legal adviser Alexis Mera and former Public Works Minister María de los Ángeles Duarte go before the National Court in a trial that’s expected to last several weeks. Any appeals of the verdict could extend to late 2020.