The Prague Post - Mayor of Ecuador's biggest city arrested for money laundering

EUR -
AED 4.114061
AFN 72.255483
ALL 90.790632
AMD 404.158296
ANG 2.004979
AOA 1027.254819
ARS 1713.118208
AUD 1.605841
AWG 2.019223
AZN 1.905346
BAM 1.955598
BBD 2.254667
BDT 138.445714
BGN 1.95798
BHD 0.422456
BIF 3355.553753
BMD 1.120234
BND 1.430852
BOB 13.18164
BRL 5.56219
BSD 1.119484
BTN 106.21904
BWP 15.421409
BYN 3.286961
BYR 21956.59438
BZD 2.251368
CAD 1.568608
CDF 2594.463388
CHF 0.92428
CLF 0.028243
CLP 1105.065972
CNY 7.480981
CNH 7.472638
COP 3552.733407
CRC 510.847288
CUC 1.120234
CUP 26.866228
CVE 110.253623
CZK 24.330929
DJF 199.339431
DKK 7.473812
DOP 68.662915
DZD 150.487472
EGP 61.701633
ERN 16.803516
ETB 182.080912
FJD 2.506184
FKP 0.83772
GBP 0.83759
GEL 2.901053
GGP 0.83772
GHS 12.979661
GIP 0.83772
GMD 82.897292
GNF 9906.977735
GTQ 8.557117
GYD 234.455807
HKD 8.784994
HNL 30.053899
HRK 7.537163
HTG 146.714861
HUF 366.73115
IDR 20269.353328
ILS 3.478944
IMP 0.83772
INR 106.361215
IQD 1697.02489
IRR 2052689.522073
ISK 136.421868
JEP 0.83772
JMD 177.661668
JOD 0.794262
JPY 175.719422
KES 145.355001
KGS 97.962929
KHR 4573.528074
KMF 492.34502
KPW 1008.210923
KRW 1482.921342
KWD 0.348045
KYD 0.932904
KZT 508.267554
LAK 25190.400695
LBP 100245.356051
LKR 371.711644
LRD 190.860306
LSL 18.546686
LTL 3.307762
LVL 0.677618
LYD 7.16926
MAD 10.995665
MDL 20.205915
MGA 5062.477622
MKD 61.598644
MMK 2352.611266
MNT 4031.903098
MOP 9.043867
MRU 44.738384
MUR 52.83045
MVR 17.318688
MWK 1941.099705
MXN 20.91299
MYR 4.576495
MZN 71.584549
NAD 18.546686
NGN 1492.219274
NIO 41.195749
NOK 10.48247
NPR 169.950463
NZD 1.961367
OMR 0.430732
PAB 1.119384
PEN 3.844503
PGK 5.013483
PHP 71.267028
PKR 309.775535
PLN 4.40251
PYG 6474.331938
QAR 4.080579
RON 5.354499
RSD 117.487877
RUB 91.430566
RWF 1653.929337
SAR 4.204519
SBD 9.045422
SCR 15.724762
SDG 673.820238
SEK 11.125947
SGD 1.430429
SHP 0.837152
SLE 25.709439
SLL 23490.760327
SOS 639.733988
SRD 42.152191
STD 23186.590484
STN 24.497472
SVC 9.794989
SYP 14565.287409
SZL 18.546086
THB 37.830495
TJS 10.315636
TMT 3.932023
TND 3.342755
TOP 2.697255
TRY 55.679906
TTD 7.606215
TWD 36.503733
TZS 2963.694187
UAH 50.679171
UGX 4931.491138
USD 1.120234
UYU 44.895367
UZS 13396.617652
VES 985.569793
VND 28949.657667
VUV 132.885562
WST 3.100575
XAF 655.957
XAG 0.020782
XAU 0.000280356831
XCD 3.027489
XCG 2.017492
XDR 0.792064
XOF 655.957
XPF 119.331742
YER 264.482543
ZAR 18.566463
ZMK 10083.451396
ZMW 22.506678
ZWL 360.715022
SSP 6436.082465
MXV 2.360303
  • NGG

    -0.7800

    81.86

    -0.95%

  • RELX

    -0.0800

    40.54

    -0.2%

  • BTI

    -0.9900

    59.48

    -1.66%

  • BP

    1.2700

    51.32

    +2.47%

  • BCE

    -0.4100

    20.4

    -2.01%

  • RBGPF

    2.6200

    72.77

    +3.6%

  • RIO

    -0.7200

    83.42

    -0.86%

  • CMSC

    0.0000

    19.6

    0%

  • GSK

    -0.4600

    50.75

    -0.91%

  • CMSD

    0.1800

    19.78

    +0.91%

  • BCC

    -0.5500

    77.74

    -0.71%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • VOD

    -0.3800

    15.74

    -2.41%

  • AZN

    -1.0800

    171.49

    -0.63%

  • JRI

    0.0700

    10.75

    +0.65%

Mayor of Ecuador's biggest city arrested for money laundering
Mayor of Ecuador's biggest city arrested for money laundering / Photo: MARCOS PIN - AFP/File

Mayor of Ecuador's biggest city arrested for money laundering

The mayor of Ecuador's violence-ravaged city of Guayaquil, a fierce critic of President Daniel Noboa, was arrested Tuesday along with the president of a top football club for alleged money laundering, prosecutors said.

Text size:

Mayor Aquiles Alvarez was arrested by heavily armed police in a dawn raid.

Pictures released by the public prosecutor's office showed bags with bundles of cash, computers and mobile phones it said were found during this and other raids in which another 10 people were arrested.

Alvarez, 41, who has been mayor of Guayaquil since 2023, has emerged as one of the leading opponents of the right-wing, US-backed Noboa.

He has criticized Noboa's war on gangs, including his decision to send soldiers into the streets, and not ruled out running for president.

Guayaquil, a city of nearly three million people, is the nexus of Ecuador's ballooning drug trade.

Its port has become a major transit point for cocaine trafficked from neighboring Colombia and Peru en route to the United States and Europe.

Murder rates have soared, while car bombings, murders and prison massacres have become routine.

In an interview with AFP in October, Alvarez argued that "crime shouldn't be fought with more weapons, vests, helmets, and bullets, but rather with public policies focused on preventing violence."

In July of last year he was fitted with an electronic ankle monitor while being investigated in a separate case, for alleged fuel trafficking.

Alvarez denies all the allegations against him, arguing that they are an attempt to disqualify him from running for reelection as mayor next year.

"We know perfectly well that there is a purely political motive behind all of this," his lawyer Ramiro Garcia told reporters.

His brothers Xavier and Antonio Alvarez were among 10 other people arrested on Tuesday.

Antonio Alvarez is the president of Barcelona SC, the country's most popular football club, which played a friendly match this past weekend against Inter Miami, the team of Argentine star Lionel Messi.

Without mentioning his arrest, the club announced on X that it had appointed a stand-in president to guarantee continuity.

Supporters of the mayor, an evangelical Christian and father of three, demonstrated outside the police station where he was taken on Tuesday morning, chanting "Aquiles, friend, the people are with you."

One carried a banner reading: "Not another political prisoner.!"

He was later transferred to the capital Quito.

Z.Marek--TPP