But he was also seen as a combative bully, and his reputation was tarnished by bribery charges on which he was found guilty in absentia while in Belgium, where he now lives. But on Monday morning he called for an end to "political persecution," a reference to the in absentia conviction of his mentor, former President Rafael Correa, on charges he accepted bribes in exchange for public contracts. Arauz quickly conceded defeat in a speech very different from the combative tone he adopted on the campaign trail. Arauz, in contrast to his combative style on the campaign trail, on Sunday graciously accepted defeat. Ecuadorean bonds rallied on Monday morning, with its July 2035 notes hitting their highest level since September, according to traders.
A 'Still maintain your crimes' philosophy seemed to influence a lot of contractors in the country.
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A ' Still maintain your crimes ' philosophy seemed to influence a lot of contractors in the country .
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