Álvaro Noboa is the richest man in Ecuador. His fortune, apparently not amassed through honest means, is now weighting down on him, and his attempts to launder it through politics have so far been fruitless

Abdala Bucaram, that character who in 1996 was elected President of Ecuador, after appealing to voters by loudly singing along with the Uruguayan folk group Los Iracundos throughout his campaign, only to be removed from office by Parliament six months later on “mental disability” grounds, without the need for a medical report to back the accusation, helped Noboa challenge the will of the late Luis Noboa Naranjo, who had passed away in 1994. At the time, Noboa was known simply as Alvarito and was chairman of the Currency Board under Bucaram’s administration.

In his will, Don Luis had instructed that his second wife, Mercedes Santistevan, was to take over management of the Group’s most important company, the banana business. But Alvarito, aided by Bucaram’s complicity, successfully went against his father’s decision and was able to secure control of the company, investing nearly 20 million dollars in court actions and swindling his siblings. In November 2002, a London judge ruled that Alvarito had legitimately inherited the 50.1 percent interest in the banana business, owning shares that at the time were worth 300 million dollars.

Word has it that that’s when his guilty conscience kicked in, stirring up his hopes that by winning a high political office he would wipe the slate clean, or, at the very least, make everyone forget the origin of his fortune. Alvarito first ran for President of the Republic in 1998 –a year after he’d taken control of the Noboa Group–, running again in 2002 and 2006, but in all three elections he was unable to win the support of the majority of Ecuadorians. In the 1998 elections he was candidate of the Partido Roldosista Ecuatoriano, while in the following two he ran under his own party, the Partido Renovador Institucional de Acción Nacional (PRIAN).

During the 2002 electoral campaign, serious incidents were reported in his Los Álamos banana plantation, which resulted in workers being critically injured by thugs who were on the candidate/businessman’s payroll (see article: Love in the time of Álvaro Noboa). Also in that year, the organization Human Rights Watch denounced widespread child labor in Noboa’s banana plantations. These two irregularities were picked up and covered by the influential newspaper The New York Times. In 2005, again in the midst of the electoral race, it was revealed that 99 companies registered in Ecuador’s Ministry of Labor did not actually exist and were used by the Noboa Group to evade labor obligations. In addition, that same year the government shut down Elaborados de Café –another one of Noboa’s companies– for failing to furnish the documentation required to prove it was meeting its tax obligations. The government also discovered that Frutería Jambeli Frujasa –property of Noboa– owed almost 20 million dollars in taxes. Other companies of the Group were found to have tax debts as well. This was the case of Industrial Molinera (2.4 million dollars in debt), Compañía Nacional de Plásticos (1.1 million dollars), and Manufacturas de Cartón (3.1 million dollars). Attorney Sylka Sánchez, Álvaro Noboa’s right hand in his companies and a national representative elected under PRIAN for several terms –with a behavior more fitting of a cheap cabaret star than of a congresswoman– spoke against these audits, branding them as blackmail, admitting that the existence of debts was only disclosed after Noboa refused to form a coalition in Parliament with then President Lucio Gutiérrez.

If all of this weren’t enough, Noboa was fined in over 2 million dollars for almost doubling the maximum amount allowed for electoral expenses in 2002, and right now he’s facing a suit brought against him in the Supreme Electoral Tribunal, which is demanding that he pay a 6.3 million dollar fine for exceeding campaign expenses before the 2006 election.

More:
http://www6.rel-uita.org/internacional/alvarito_el_evasor_eng.htm

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Ecuador: Who is Alvaro Noboa?



Five time presidential candidate and right-wing billionaire Alvaro Noboa | Photo: Reuters

Published 15 September 2015

The right-wing perennial presidential candidate is a billionaire who made his fortune in part by employing child labor and violently repressing workers.

In recent weeks, Ecuadorean business magnate and right-wing politician Alvaro Noboa has played a key role in organizing opposition demonstrations against the progressive policies enacted by Ecuadorean President Rafael Correa.

On Wednesday, anti-government protests will be held across the country, which have been called for by various members of Ecuador’s political opposition, including Noboa.

Noboa, who placed fifth in the 2013 presidential elections with just 3 percent of the vote, has also repeatedly called for President Correa’s resignation. The five-time Ecuadorean presidential candidate ran unsuccessfully during the 1998, 2002, 2006, 2009 and 2013 presidential elections as a member of the Ecuadorean Institutional Renewal Party of National Action (PRIAN). When Noboa ran against Correa in 2006, he said the current president was a “communist devil” who would turn the country into Cuba.

The Prian party relies heavily on financial, infrastructure and media assistance from the Noboa Group (Noboa’s multibillion dollar family-owned business) in order to participate in electoral campaign, according to scholar and author William T. Barndt.

More:
https://www.telesurenglish.net/news/Ecuador-Who-is-Alvaro-Noboa-20150915-0033.html

Álvarito took out the "forbidden steps" at the wedding of his son Daniel Noboa with the influencer Lavinia Valbonesi, and drew the attention of all the guests.

August 28,2021



Diego Noboa and Livinia Valbonesi got married on the beach. COURTESY

Long life to the newlyweds! Assemblyman Daniel Noboa Azín , son of the many-time presidential candidate Álvaro Noboa , decided to leave the bachelorhood and sided with the 'serious', marrying Lavinia Valbonesi , Ecuadorian lifestyle influencer and personal trainer, this Saturday, August 28, 2021, in the beach.

Both Daniel and Lavinia are media characters and they had been romantically linked on other occasions but they kept their 'juju' away from the cameras and the press . Noboa, in an interview with the EXPRESIONES magazine, of the EXPRESO newspaper, commented on a woman who "for now it seems that she is there, trying to manage, and she has done well" for more than a year and a half -referring to Lavinia-. And to show a button of her: he married her in a meeting between family and friends.

But as expected, the "soul" of the party was his father Álvaro , who was too happy about his son's wedding. In several videos he is seen dancing reggaeton, but never losing his authenticity.

For example, in one of the clips, Alvarito took out the "forbidden steps" and showed all his skills as an inveterate dancer, while the song "Me rehúso" by Danny Ocean played. But the thing doesn't stop there: he showed that he is a 'master' jumping rope because he did it according to the tempo of the song. However, he couldn't do it anymore because his pants were loose at the waist. All this he did when he entered the dance floor.

Despite all the "show" of the six-time presidential candidate, attention was stolen from his son's marriage, since some guests applauded and showed joy , which is important to infect two people who are getting married.