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· Business (General)
non-USA, by Country
· Ecuador
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Jump to full article: AP, 2008-08-04
Author: JEANNETH VALDIVIESO
Intro: Ecuador's government said Monday it would seize a family business group's stock shares in 58 companies to help recover debts generated by the collapse of the family's former bank.
The action comes a little less than a month after authorities seized 200 businesses linked to the family of William and Roberto Isaias, who fled to the United States in 2000 shortly after their bank collapsed. The two face embezzlement charges in Ecuador. . . .
Other stock shares being seized include those in agricultural, automotive, real estate, tobacco and communications businesses, the agency said Monday. The government did not specify what percentage of shares the group allegedly owns in each company.
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