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๐Ÿ‡ช๐Ÿ‡จ Ecuador /Crime & Justice

Seizure of Aquiles Alvarez's assets executed in 'Goleada' case

From El Comercio · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Under investigation
  • Authorities in Ecuador have begun seizing assets belonging to Aquiles Alvarez, the mayor of Guayaquil.
  • The seizures are part of the "Goleada" case, investigating alleged money laundering.
  • The investigation links assets to the illegal sale of fuel and has connections to previous cases.

Ecuadorian authorities have initiated the seizure of assets belonging to Aquiles Alvarez, the mayor of Guayaquil, as part of the "Goleada" case, which is investigating alleged money laundering activities. The process began on Friday, June 12, 2026, with the confiscation of a department located on Isla Mocolรญ.

the measure affects people who are not part of the process.

โ€” David NoreroThe lawyer for Mayor Aquiles Alvarez commented on the asset seizure.

The operation, ordered by Judge Jairo Garcรญa, was executed by the Technical Secretariat for Public Sector Real Estate Management (Inmobiliar) in less than 24 hours. Police entered the mayor's apartment, where his wife, Fiorella Icaza, their three minor children, and his parents-in-law reside. According to the Public Ministry, Alvarez's wife and mother allegedly acquired properties using funds derived from the illegal sale of fuel, identified as "substances subject to control."

The Prosecutor's Office has drawn connections between this case and previous findings in the "Triple A" case, which is also under investigation. Among the identified and seized assets are apartments, parking spaces, warehouses, plots in the Blue Bay urbanization, and land in Guayaquil and Daule. These properties are registered under the real estate company Fiorema S.A. and other entities linked to the mayor's family circle. Investigations are ongoing to determine the origin of the funds used for these acquisitions.

the situation involves three minors and a person with a disability who have not been accused within the cause.

โ€” David NoreroThe lawyer for Mayor Aquiles Alvarez commented on the asset seizure.

David Norero, a lawyer for Mayor Alvarez, stated that the asset seizure affects individuals not directly involved in the judicial process. He argued that the focus should not be on the mayor or political positions, as the situation involves minors and a person with a disability who have not been formally accused. Norero emphasized that these individuals might face consequences from adult decisions and that certain limits should not be crossed in a state of law. He also reiterated that Aquiles Alvarez is presumed innocent, as per the Constitution.

Aquiles รlvarez maintains the presumption of innocence, a principle recognized in the Constitution for all

โ€” David NoreroThe lawyer for Mayor Aquiles Alvarez commented on the asset seizure.
DistantNews Editorial

Originally published by El Comercio in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.