QUITO, Sept 9 (Reuters) – Hundreds of Ecuadorean police seized over $313 million in real estate assets in a mass raid of properties held by the Comandos de la Frontera, or ‘Border Command,’ armed group, the interior ministry said in a statement on Tuesday.
The ministry said the group was “funneling large amounts of money into the national financial system from illicit activities such as organized crime related to drug trafficking.”
In a post on social media, President Daniel Noboa called the operation the “biggest blow to criminal economies in Ecuador’s history.”
Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Suggested Topics:
Read Next
ANALYSIS Argentina’s Milei must look to alliances after electoral defeat
French President Emmanuel Macron named loyalist Sebastien Lecornu, a one-time conservative protege who rallied behind his 2017 presidential run, as prime minister on Tuesday, defying expectations he might tack towards the left.
Site Index
About Reuters
Stay Informed
Information you can trust
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.
