Last September, Dominic pleaded guilty to laundering bribery money.
The US Department of Justice announced, Tuesday, March 23, that Ecuadorian and Italian citizen Juan Ribas Dominique, 52, has been sentenced to 51 months in prison (4 years and 3 months) for participating in a scheme to launder money from bribes. To assist three UK reinsurers to acquire and retain Seguros Sucre SA’s reinsurance business
Last September, Repas Dominic, who was also an advisor to former President Rafael Correa, pleaded guilty to laundering money from two reinsurance companies for “more than $ 2 million” between 2013 and 2017.
The investigation was conducted by the Washington offices of the IRS-CI and HSI, under the auspices of the Global Illicit Funding Team and the FBI’s Miami International Corruption Squad.
Juan Ribas, ex-president of Seguros Sucre, pleads guilty to laundering bribes in the United States.
The Department of Justice clarified that as president of Seguros Sucre, he had the authority to adjudicate business in the insurance company, which in those years received approximately $ 5,036,465 in bribes from his co-conspirators in exchange for using his official. Three UK based reinsurance brokers are allowed to obtain and maintain contracts with Seguros Sucre. ”
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Payments were made through intermediaries, including two reinsurance companies. It was also clarified that part of the bribes were laundered across the United States. (I am)