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The UK's Serious Fraud Office (SFO) has charged a Lloyd's of London insurance broker with bribery related to a corruption scheme involving Ecuadorian state-run insurance contracts. The allegations assert that the broker failed to prevent a U.S.-based intermediary from making corrupt payments to secure contracts valued at $38 million. This development follows a four-year investigation by UK fraud authorities. Meanwhile, in a related U.S. federal case, Costa Rican businessman Cristian Patricio Pintado Garcia is scheduled to change his plea next week in Miami federal court concerning corruption involving Ecuadorian state-owned insurers.
U.K. Announces Enforcement Action Involving Insurance Sector In Ecuador https://t.co/24LI9RvZa7
The Serious Fraud Office said Thursday it has charged a Lloyd's of London broker with bribery, alleging that it failed to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million. https://t.co/U1yvxMQ9b5
A Costa Rican businessman is set to change his plea in a US corruption case involving Ecuadorian state-owned insurers. Cristian Patricio Pintado Garcia is scheduled for a change of plea hearing next week in Miami federal court, according to a notice posted to the court docket. https://t.co/9q9pKzjYH0
