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

EUR -
AED 4.2383
AFN 75.595632
ALL 93.422114
AMD 421.437509
AOA 1058.276875
ARS 1727.056315
AUD 1.636692
AWG 2.077316
AZN 1.966371
BAM 1.957368
BBD 2.320839
BDT 142.644237
BHD 0.434544
BIF 3443.55778
BMD 1.154064
BND 1.478584
BOB 13.995208
BRL 5.938237
BSD 1.152313
BTN 109.971071
BWP 15.669413
BYN 3.39619
BYR 22619.659
BZD 2.317536
CAD 1.623232
CDF 2608.185306
CHF 0.93219
CLF 0.02675
CLP 1056.234506
CNY 7.794031
CNH 7.784821
COP 3700.403103
CRC 522.513929
CUC 1.154064
CUP 30.582702
CVE 110.353377
CZK 24.171647
DJF 205.192551
DKK 7.476005
DOP 67.203238
DZD 153.369708
EGP 57.902286
ERN 17.310964
ETB 184.794555
FJD 2.58193
FKP 0.859053
GBP 0.857522
GEL 3.012045
GGP 0.859053
GHS 13.499811
GIP 0.859053
GMD 85.400216
GNF 10120.104707
GTQ 8.789039
GYD 241.2432
HKD 9.051712
HNL 30.986451
HRK 7.536498
HTG 150.660657
HUF 360.667835
IDR 20698.14205
ILS 3.475834
IMP 0.859053
INR 109.519253
IQD 1512.40118
IRR 1586982.580461
ISK 141.833811
JEP 0.859053
JMD 182.194332
JOD 0.818213
JPY 181.631823
KES 149.32436
KGS 100.923231
KHR 4664.675085
KMF 493.939336
KRW 1640.554196
KWD 0.357079
KYD 0.960269
KZT 542.844738
LAK 26062.872505
LBP 103188.544626
LKR 386.889842
LRD 207.996574
LSL 18.67854
LTL 3.407652
LVL 0.698082
LYD 7.345678
MAD 10.736699
MDL 20.171154
MGA 4974.016858
MKD 61.574312
MMK 2423.150055
MNT 4136.511653
MOP 9.309677
MRU 46.266137
MUR 53.029348
MVR 17.841675
MWK 1998.082855
MXN 19.898121
MYR 4.720928
MZN 73.751906
NAD 18.996413
NGN 1572.966021
NIO 42.403959
NOK 11.004493
NPR 175.952387
NZD 1.962607
OMR 0.443735
PAB 1.152323
PEN 3.905933
PGK 5.103846
PHP 70.210919
PKR 320.656616
PLN 4.294296
PYG 6870.442676
QAR 4.200564
RON 5.250761
RSD 117.374106
RUB 93.045188
RWF 1693.012232
SAR 4.330659
SBD 9.315088
SCR 15.474001
SDG 693.024943
SEK 10.97261
SGD 1.478172
SLE 28.217204
SOS 658.521672
SRD 43.728636
STD 23886.799612
STN 24.519424
SVC 10.083075
SZL 18.978562
THB 38.303967
TJS 10.635818
TMT 4.050765
TND 3.385111
TRY 54.900339
TTD 7.823265
TWD 37.189147
TZS 3064.038244
UAH 51.525118
UGX 4315.456042
USD 1.154064
UYU 46.427383
UZS 13785.296924
VES 870.408229
VND 30314.382285
VUV 137.499608
WST 3.153152
XAF 656.477053
XAG 0.018979
XAU 0.000279
XCD 3.118916
XCG 2.07679
XDR 0.816447
XOF 656.477053
XPF 119.331742
YER 275.070767
ZAR 18.867623
ZMK 10387.962599
ZMW 21.807275
ZWL 371.608213
  • CMSC

    0.0300

    21.79

    +0.14%

  • CMSD

    0.0000

    22.02

    0%

  • RBGPF

    -1.2500

    69.74

    -1.79%

  • GSK

    0.0200

    51.53

    +0.04%

  • NGG

    0.5600

    80.42

    +0.7%

  • BCC

    3.4600

    86.49

    +4%

  • BTI

    -0.4400

    59.12

    -0.74%

  • RIO

    3.1100

    99.01

    +3.14%

  • BCE

    0.2100

    22

    +0.95%

  • RELX

    0.6400

    36.8

    +1.74%

  • JRI

    -0.1000

    12.72

    -0.79%

  • RYCEF

    0.2000

    20.4

    +0.98%

  • AZN

    -2.3500

    155.62

    -1.51%

  • VOD

    0.0800

    15.69

    +0.51%

  • BP

    -1.8200

    42.44

    -4.29%

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