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Former Ecuadorian President Lenín Moreno Sentenced to Prison for Corruption

Created at 29 Aug · 7:56 PM1 source↑ Market-relevant
IN SHORT

Former Ecuadorian President Lenín Moreno has been sentenced to five years in prison for corruption, accused of taking bribes related to a hydroelectric plant contract. He will serve his sentence under house arrest due to his age and disability and plans to appeal.

Key Numbers

5 yearsprison sentence for Lenín Moreno
$76.1mbribes allegedly paid by Chinese firm
19others found guilty of corruption
$400msettlement with dam firm's owner

Who's Involved

Lenín Moreno
Former President of Ecuador, found guilty of corruption
Sinohydro
Chinese state-owned firm involved in hydroelectric plant contract
Rafael Correa
Former Ecuadorian President, blamed by Moreno

↳ Why This Matters

The conviction of a former head of state for corruption highlights ongoing struggles with graft in Ecuador and sends a strong signal about accountability for public officials, regardless of their past positions.

Key facts

  • Former Ecuadorian President Lenín Moreno sentenced to five years in prison for corruption.
  • Moreno will serve his sentence under house arrest due to age and disability.
  • He was found guilty of taking bribes related to the Coca Codo Sinclair hydroelectric dam project.
  • Prosecutors alleged a Chinese firm paid $76.1m through shell companies for the contract.
  • Moreno's wife, daughter, and brother were also convicted.
  • He plans to appeal the verdict.
  • Former Ecuadorian President Lenín Moreno has been sentenced to five years in prison after being found guilty of taking bribes. The 73-year-old will serve his sentence under house arrest due to his age and disability and has indicated he will appeal the verdict.

    Moreno, who served as president from 2017 to 2021, was convicted in a corruption case related to the construction of the Coca Codo Sinclair hydroelectric dam. Prosecutors alleged that the Chinese state-owned firm Sinohydro paid $76.1 million through shell companies to individuals involved in securing the contract. Moreno's wife, daughter, and brother were among the 19 others convicted.

    While prosecutors stated Moreno himself received minimal funds, his family members allegedly received tens of thousands of dollars. Those convicted must repay three times the amount they received, and Moreno is barred from public office. He has denied involvement, instead blaming former President Rafael Correa, under whom Moreno served as vice-president and who was himself sentenced for bribery in 2020.

    Moreno argued that Correa approved the project and that he initiated an investigation into its construction issues upon assuming the presidency. The Ecuadorian government initiated legal proceedings against Sinohydro in 2021 due to structural and technical failures in the dam, reaching a $400 million settlement with the firm's owner earlier this year.

    Frequently asked questions

    He will serve his sentence under house arrest due to his age and disability.

    The case involved alleged bribes paid by Chinese firm Sinohydro to secure a contract for the Coca Codo Sinclair hydroelectric dam.

    Nineteen other individuals, including Moreno's wife, daughter, and brother, as well as former plant managers and Sinohydro representatives, were found guilty.

    Moreno denies involvement and blames former President Rafael Correa, stating Correa signed off on the project and he himself investigated issues upon taking office.

    What Happens Next

    01Lenín Moreno will appeal the court's verdict.
    02Further legal proceedings may follow regarding the repayment of illicit gains.

    How It Developed

    Lenín Moreno, former president of Ecuador, was found guilty of corruption.
    Moreno was sentenced to five years in prison and will serve under house arrest.
    His wife, daughter, and brother were also convicted in the bribery scheme.
    Prosecutors alleged a Chinese firm paid $76.1m through shell companies for a hydroelectric plant contract.
    Moreno denies involvement and blames former president Rafael Correa.
    The Ecuadorian government reached a $400m settlement with the firm's owner over dam failures.

    Sources

    T1
    Former Ecuadorian president imprisoned for corruptionBBC News

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