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

EUR -
AED 4.302619
AFN 72.638318
ALL 95.603094
AMD 431.878807
ANG 2.097662
AOA 1075.507446
ARS 1630.8359
AUD 1.615579
AWG 2.110304
AZN 1.99945
BAM 1.956238
BBD 2.359669
BDT 143.812209
BGN 1.95644
BHD 0.441978
BIF 3486.028541
BMD 1.171577
BND 1.490921
BOB 8.096055
BRL 5.888817
BSD 1.171582
BTN 112.066143
BWP 15.783006
BYN 3.264603
BYR 22962.916957
BZD 2.356308
CAD 1.60594
CDF 2625.505158
CHF 0.91581
CLF 0.026408
CLP 1039.329512
CNY 7.956124
CNH 7.950219
COP 4445.398123
CRC 533.328553
CUC 1.171577
CUP 31.046801
CVE 110.655135
CZK 24.327919
DJF 208.212632
DKK 7.472548
DOP 69.416143
DZD 155.118147
EGP 61.994247
ERN 17.573661
ETB 184.376952
FJD 2.560893
FKP 0.866041
GBP 0.866089
GEL 3.139424
GGP 0.866041
GHS 13.242448
GIP 0.866041
GMD 85.525666
GNF 10283.522856
GTQ 8.938002
GYD 245.111173
HKD 9.172924
HNL 31.1758
HRK 7.533714
HTG 153.009493
HUF 358.229119
IDR 20516.663355
ILS 3.410104
IMP 0.866041
INR 112.115446
IQD 1534.766388
IRR 1538281.120455
ISK 143.612268
JEP 0.866041
JMD 185.285963
JOD 0.830666
JPY 184.939933
KES 151.344328
KGS 102.454005
KHR 4699.197143
KMF 493.234395
KPW 1054.43934
KRW 1745.468735
KWD 0.361116
KYD 0.976348
KZT 549.878462
LAK 25716.123453
LBP 105150.026727
LKR 380.231651
LRD 214.57466
LSL 19.226057
LTL 3.459363
LVL 0.708675
LYD 7.410193
MAD 10.747758
MDL 20.0931
MGA 4891.33573
MKD 61.635919
MMK 2459.473576
MNT 4193.865493
MOP 9.450699
MRU 46.863218
MUR 54.84144
MVR 18.053649
MWK 2040.295627
MXN 20.113167
MYR 4.599628
MZN 74.860808
NAD 19.225688
NGN 1605.623002
NIO 43.002772
NOK 10.739627
NPR 179.312517
NZD 1.975525
OMR 0.450414
PAB 1.171602
PEN 4.016757
PGK 5.108019
PHP 71.952469
PKR 326.382702
PLN 4.2477
PYG 7164.604642
QAR 4.268647
RON 5.208363
RSD 117.382677
RUB 86.904361
RWF 1710.502998
SAR 4.402872
SBD 9.410412
SCR 16.330594
SDG 703.542135
SEK 10.926465
SGD 1.490557
SHP 0.874701
SLE 28.823398
SLL 24567.394667
SOS 669.559557
SRD 43.575646
STD 24249.286687
STN 24.89602
SVC 10.251296
SYP 129.551813
SZL 19.313411
THB 37.889169
TJS 10.971838
TMT 4.112237
TND 3.374732
TOP 2.820877
TRY 53.230856
TTD 7.948916
TWD 36.980249
TZS 3043.348516
UAH 51.5192
UGX 4393.058898
USD 1.171577
UYU 46.541218
UZS 14150.311878
VES 595.237083
VND 30868.721224
VUV 138.221382
WST 3.166467
XAF 656.120751
XAG 0.013399
XAU 0.00025
XCD 3.166246
XCG 2.111455
XDR 0.81421
XOF 654.332389
XPF 119.331742
YER 279.567675
ZAR 19.234782
ZMK 10545.588979
ZMW 22.113613
ZWL 377.247443
  • RBGPF

    -0.2100

    60.79

    -0.35%

  • CMSD

    -0.0400

    23.56

    -0.17%

  • RYCEF

    -0.1700

    16.03

    -1.06%

  • NGG

    -0.2600

    86.98

    -0.3%

  • GSK

    0.0900

    50.99

    +0.18%

  • CMSC

    -0.0600

    23.05

    -0.26%

  • VOD

    0.4150

    15.51

    +2.68%

  • BCE

    -0.0800

    24.39

    -0.33%

  • RIO

    2.5400

    112.04

    +2.27%

  • RELX

    -1.1500

    31.62

    -3.64%

  • BCC

    -0.9500

    66.98

    -1.42%

  • JRI

    -0.0100

    13.13

    -0.08%

  • BP

    -0.2600

    44.14

    -0.59%

  • BTI

    1.7100

    65.35

    +2.62%

  • AZN

    3.1800

    187.72

    +1.69%

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