Guillermo Lasso’s son bought a luxurious yacht with a ghost company. The operation of the son of Ecuador’s president appears in the Pandora Papers

  Guillermo Lasso's son bought a luxurious yacht with a ghost company.  The operation of the son of Ecuador's president appears in the Pandora Papers

The scandals haunted the President of Ecuador, guillermo lasso. Later its presence in Pandora Letter Various documents obtained by the digital newspaper, as a result of its links to a series of offshore accounts public they state that One of his sons bought a luxurious yacht through a ghost company in the United States.

Documents collected by Spanish media indicate that on 26 February the corporate group “U UCORP SA” Shipment to Guayaquil yacht dolce, Whose Value amount 560 thousand dollars. He acted as a representative of YouCorp Juan Emilio Lasso AlcivaroThe son of the President of Ecuador.

At that time, Guillermo Lasso was in full electoral activity. Right wing politician and banker had a dispute three weeks ago first round of presidential election, in which he managed to narrowly surpass Indigenous candidate Yaku Pérez and was placed second behind Corista Andrés Arouz, with whom he would run for the presidency in the April 11 elections. In that second round Lasso managed to win.

on the way to Guayaquil

While his father was on his way to glory, Juan Emilio Lasso continued to lead the purchase of the Dolce yacht., which will be transported from the US port of the Everglades to the sea terminal in Guayaquil. The boat arrived in Ecuador on March 11, less than a month left before the second round of elections in that Latin American country. Insurance and freight costs reached $55,490.

According to public figures from the Ecuadorian Internal Revenue Service, You YouCorp Company has not paid any tax on outflow of foreign currency since 2013, while in the concept of income tax, which applies to profits received, only $337.90 is paid in 2016.

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In turn, the said company’s financial position report for 2020 indicates that it did not report income during the previous year, while it accumulated losses amounting to $14,438. Its corporate objective is to “act as a holding company, as a partner or shareholder in other companies”..

The shareholders of that company include, in addition to Juan Emilio Lasso Alcivar (who appears in the documents as General Manager), Three other children of the President of Ecuador: Maria de Lourdes Lasso Alsívar, Maria Mercedes Lasso Alsívar and Santiago Javier Lasso Alsívar.

According to extensive work done by the International Consortium of Investigative Journalists (ICIJ), Guillermo Lasso is behind a network of 14 opaque financial companies, mostly located in Panama. According to the Pandora Papers, Lasso shut down the network after President Rafael Correa approved a law in 2017 that barred presidential candidates from being companies in tax havens. The banker does not want to go to the parliamentary commission to investigateThis caused widespread unrest in the opposition.

* From public from Spain. for special page 12

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