He added that this leads to the “possibility” of “a political crisis.” A political trial, according to Ecuadorian law, can lead to the dismissal of an official.
The inquiry about Pandora Papersaims to “clarify” whether Lasso breached a law that prohibits candidates and public officials in Ecuador from having accounts or assets in tax havens, the legislature indicated.
The journalistic investigation called Pandora Papers showed that personalities and leaders from around the world resorted to tax havens to manage hundreds of millions of dollars. Among those mentioned is also the president of Chile, Sebastian Pinera, who is also the subject of an investigation in his country.
Guillermo Lasso, a former right-wing banker who assumed the presidency on May 24, has defended himself, arguing that years ago he had “legitimate investments in other countries” and that he got rid of them to compete in the 2021 presidential elections.
Lasso also asked the State Comptroller General to examine his assets. According to a letter released by the president on his Twitter account, in the last 15 years he has paid around 588 million dollars in taxes.
The investigation “is a matter of a political nature, it is through which a blockade is produced again and the political forces within the National Assembly confront,” Vela said.
The minister pointed out that the relationship between the Executive and the Legislative “is projected with a lot of tension.”
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