Search
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Court Ruling
Former Ecuadorian President Lenin Moreno has been sentenced to five years in prison for corruption related to the Coca Codo Sinclair dam project. The court found him guilty of accepting bribes from Sinohydro, the Chinese company responsible for constructing the dam.
## Background
Moreno, who served as president from 2017 to 2021, was implicated along with 19 others in the corruption case. The alleged offenses occurred during his tenure as vice-president under Rafael Correa, between 2007 and 2013. Moreno had a political fallout with Correa after shifting his political stance.
## Appeal Plans
Following the court's decision, Moreno announced his intention to appeal. He maintains his innocence, claiming he never received any money from Sinohydro and attributing the charges to political retaliation by Correa, who is also convicted of corruption and currently resides in Belgium.
## Additional Sentences
Moreno's wife and other family members received nearly three-year sentences for their involvement. Prosecutors had initially sought a longer sentence of six and a half years for Moreno.
## Financial Details
The prosecution revealed that Sinohydro paid $76 million in bribes, which constituted about four percent of the dam's total cost. Two former managers of the power plant were also convicted in the case.
Leave your details and get a guide as a gift to avoid mistakes