Thursday, May 24, 2007

Ecuadorean Prosecutors Open Probe of Patino's Meeting With New York Banker

(Bloomberg) -- Ecuadorean prosecutors will question
Economy Minister Ricardo Patino next week in a probe sparked by
local media reports that he may have helped investors make money
from threats that the country would default on its debt.

Prosecutors opened the investigation this week after a May
21 broadcast of a video showing Patino, an aide and former
Economy Minister Armando Rodas discussing a possible transaction
of securities with two men, Susana Cedeno, a spokeswoman for the
attorney general, said. New York banker Carlos Abadi later said
he was at the meeting and denied any impropriety.


Read more at Bloomberg Bonds News

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