Ecuador’s ambassador in Spain would have created an offshore in Panama during the pandemic

Pascual del Cioppo and his wife would have formed a company dedicated to professional consulting and allegedly used professional figureheads, according to an investigation by OK Diario de España.

Pascual del Cioppo, Ecuador’s new Ambassador to Spain, would have established an offshore company in Panama in the name of his wife, Priscila María Ramos, on March 4, 2021, according to an investigation published by Ok Diario in Spain.

The media revealed that, during the pandemic, the new Ambassador appointed by President Guillermo Lasso created a company dedicated to “business consulting, commissioning of companies, operations with bank accounts and acquisition and leasing of all kinds of goods”, among other things.

According to the deeds published in the Mercantile Registry of Panama, Del Cioppo’s wife recorded the family domicile that they both use in Ecuador: a house in the Rinconada del Lago de Samborondón Urbanization. In the same way, Priscila María Ramos appears as president and legal representative of the company, Paul Lewis as director and secretary and Luis Aníbal Ceballos Córdova as director and treasurer.

Another of the irregularities reported by the media is that the Ambassador and his wife used as subscribers two professional figureheads with thousands of offshore companies in Panama in his name. The first of them, called Zuleyka Alemán Calderón, appears in another 4,078 companies, and the second, Verónica Camaño, in another 1,480 offshore in Panama.

In addition, they used the firm Mata & Pitti, a law firm that is featured in the global Panama Papers scandal.

It should be remembered that since 2017 the Law that prohibits public officials from having money or companies in tax havens came into force. Del Cioppo has not yet ruled on this issue, despite the fact that on July 21 he already received the approval of the Spanish Government to serve as a diplomat in this country.

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