Ecuador: Interview with German expat who lost house under dubious means

ELUNIVERSO.COM REPORTED …. Edmund and Barbara Chladek The Germans were the owners of the house where he now lives Attorney General, Galo Chiriboga. This property is located in La Vina, in the valley of Tumbaco (east of Quito) and is in the name of Madrigal Finance Corp., the Panamanian offshore that belongs to Chiriboga. After filtration of the papers called Panama was known that this signature was created with the participation of Mossack Fonseca, law firm for decades participated in the creation of companies in tax havens. From Europe, through a videoconference, Edmund Chladek gave an interview to this newspaper, he said, clarifying statements that the prosecutor has made with respect to the purchase of this property.

What was your situation during the banking crisis of 1999, which then would lead to the loss of your home?
It was 1999. We had signed a mortgage with the Bank Agricultural Credit Bank, which was later acquired by Bancomex, which closed on 30 July 1999. Two days before the closing, our mortgage was transferred to Dr. Chiriboga. He argued and so far he tells him that the bank owed $ 80,000. Read Article

CHALLENGES FOR EXPATS IN ECUADOR – READ THIS BOOK