This Latin American President Will Be Charged

President of Ecuador Guillermo Lasso enters a meeting during a demonstration in support of Lasso at Carondelet Palace on October 20, 2021 in Guayaquil, Ecuador. Lasso declared a 60-day state of emergency on October 18th over rising drug crime as the AG filed charges against him for tax fraud. (Photo by Agencia Press South/Getty Images)
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By Alexandra Valencia

QUITO, Ecuador, Friday, Oct 22, 2021 (Reuters) – Ecuador’s attorney general’s office on Thursday said it has opened a preliminary investigation against President Guillermo Lasso for tax fraud, after an opposition leader presented allegations against him linked to the Pandora Papers leak.

Former presidential candidate and indigenous leader Yaku Perez called for an investigation into Lasso’s finances and tax contributions after offshore companies owned by Lasso were mentioned in the Pandora Papers.

The papers are a cache of leaked documents that The International Consortium of Investigative Journalists says reveal offshore transactions involving global political and business figures.

Perez urged investigators look at accounts held by Lasso and his close relatives since 2013, when he was a presidential candidate.

The preliminary investigation into alleged tax fraud was opened on Oct. 18, the attorney general’s office said, without giving further details.

The president’s office was not immediately available to comment.

Lasso has questioned the Pandora Papers leak, describing it as “some old and out-of-context information,” and adding that he had dropped control of the mentioned companies in 2017 when he once again became a presidential candidate.

In 2017, Ecuador passed a law banning elected officials and candidates from holding investments in so-called tax havens.

Ecuador’s national assembly is also investigating the companies mentioned in the Pandora Papers leak. Lasso was summoned by a legislative commission on Wednesday to present explanations but he excused himself from attending, and has said he will not attend a similar summons for Friday.

(Reporting by Alexandra Valencia Writing by Oliver Griffin Editing by Karishma Singh)