AGP Executive Report
Last update: 8 hours agoAnti-Corruption Verdict: Ecuador’s court sentenced former President Lenín Moreno to five years in prison for bribery tied to the Coca Codo Sinclair hydroelectric project, with the 73-year-old to serve under house arrest due to a disability; prosecutors allege Sinohydro paid about $76.1m in bribes via shell companies and fictitious consulting contracts, implicating Moreno’s family and other intermediaries. Maritime Security & Logistics Disruption: The U.S., working with Ecuadorian authorities, boarded and sank a vessel in the eastern Pacific described as a “floating refueling station” supporting drug-smuggling operations linked to Los Choneros, removing people to Ecuador before the ship was destroyed. Regional Crime Cooperation: Colombia captured a suspected senior Tren de Aragua leader, highlighting deepening U.S.-Colombia security coordination as Colombia’s new hardline government accelerates anti-gang efforts. Trade & Ports Watch: DP World launched its AX4 Asia service at Posorja, aiming to double Ecuador port connectivity, while ICTSI moves to expand its African port footprint by buying full ownership of TLG Acquisition Holdings. Energy & Infrastructure Risk: The Moreno case spotlights governance and procurement risks around major infrastructure built with foreign state-linked contractors, at a time when Ecuador’s power additions are reportedly behind schedule.
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