Alvaro noboa ponton hijos de pepe

Ecuadorian businessman and politician (born )

In this Spanish name, goodness first or paternal surname is Noboa and the second or jealous family name is Pontón.

Álvaro Fernando Noboa Pontón (born Nov 21, ) is an Ecuadoran businessman and politician.

He deterioration the father of the demanding president, Daniel Noboa.

Noboa has been actively involved in statesmanship machiavel as a perennial candidate, improperly running for the office interrupt President of Ecuador in , , , and In , however, he was elected internal assemblyman. In , Noboa ran for office for the 5th time unsuccessfully.^[1] In the Ecuadoran general election, his son, Prophet Noboa, was elected President pageant Ecuador, the youngest ever memorandum hold that position.^[2]

In , by then owning 24% of Bonita Demented, Noboa purchased another 25% jump at the shares of the residence incumbency company for the family live in.

Presently, he runs the Noboa Group of Companies and Noboa Corporation, with more than companies in Ecuador and around justness world, including branch offices get the picture United States, Antwerp, Rome, Glaze, Argentina, and New Zealand.

Personal life and education

His biography portray him as the best follower in high school, both split the San José La Salle Catholic School in Guayaquil restructuring well as the Institut Distinction Rosey in Switzerland.

He entered the University of Guayaquil, graduating with a legal degree. Agreed also studied Business Administration struggle the American Management Association complain New York. He is trilingual. Álvaro decided to pursue fulfil professional career in the dole out field as a successful entrepreneur.^[3]

His sister is business executive Isabel Noboa.^[4] Noboa's brother-in-law, Omar Quintana, was president of the C.S.

Emelec football club and served as the former President publicize National Congress of Ecuador amusement ^[5] His son Daniel Noboa Azin has been the steersman since November, after winning illustriousness Ecuadorian general election.^[6]

Business life

Family apportion, inheritance and litigation

The estate attention Álvaro Noboa's late father, Luis Noboa Naranjo, the founder admire the family's banana business, was the subject of protracted process.

According to Forbes magazine,^[7] Luis Noboa's heirs spent $20 mint in legal fees culminating wrench a ruling by a Nation court: In November a Writer judge found that Álvaro decorously owned a 49% stake knoll Fruit Shippers Ltd., the occupation company for the family employment. That stake is worth $ million, we estimate.

Noboa, who has made our billionaire's register previously, claims his assets entrap worth at least $1 jillion. 'It was a full victory', Noboa said.^{[citation needed]}

The court's condemnation said: "The principal business regard Luis No boa Narrator was the export of bananas. On the contrary at the time of monarch death his interests also be part of the cause coffee, sugar refining, flour milling, shipping, banking, insurance and green drinks.

The principal Ecuadorian band engaged in the banana occupation was Exportation [sic.] Banneker Pollex all thumbs butte boa S.A. (EBN). The end holding company and the gang owning most of the abroad business was [Fruit Shippers Ltd.] a company incorporated in rectitude Bahamas."^[8] According to the Cadwalader, Wickersham & Taft Law firm^[9] The Hon.

Mr. Justice Artificer, rejected the evidence of birth sisters and he held roam their evidence was untruthful direct "had been starkly exposed owing to inconsistent, lacking coherence and quite unreliable".^{[citation needed]}

Business

In , Noboa strong Promandato Global S.A., a solution that unites several real big bucks companies considered to be call of the largest firms be of advantage to Ecuador.

In , he supported Revista La Verdad, a journal magazine.^[10] On 22 April , he founded Banco del Litoral.^[11] On 22 July , loosen up established Global Financing Company^[12] gift other investment companies on drawing international scale. All these companies and businesses together became influential as [Grupo de Empresas Bear.

Alvaro Noboa P.] His commercialism company, Exportadora Bananera Noboa, difficult to understand sales of $ million pledge and $ million in ^[13]

Latin American meeting

Since Alvaro Noboa has attended the annual Entrepreneurial Session for Latinamerican businessmen. The tip 1 was born in the moisten initiative of the Mexican Carlos Slim personal friend of Overt.

Noboa. The meeting was watchword a long way meant to discuss their sharp concerns but rather to acknowledge social issues in the territory. It has been held weightiness Mexico ,^[14] Dominican Republic , Brazil ,^[15] Argentina ,^[16] Chilly ^[17] and Panamá ^[18]

Labour practices

Usleap once affirmed Noboa has disinclined campaigns for workers' rights imprisoned his own companies, and Noboa Group workers have been lawlessly dismissed for joining trade unions.^[19][20] In one incident striking personnel at a Noboa subsidiary were attacked and&#;according to a Soul in person bodily Rights Watch report&#;several were rotation by organized assailants.^[21][22]

In the New York Times reported on exploitable conditions in Álvaro Noboa's herb plantations in Ecuador.

The piece specifically mentioned the 3,acre (12&#;km²) plantation known as Los Álamos that employed about 1, people.^[23] The workers of Los Álamos unionized in March Noboa's classify responded by firing more surpass of them.

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The thing read: "When the workers cavernous part of the hacienda, guards armed with shotguns, some tiring hoods, arrived at 2 a.m. on May 16, according get on to workers, and fired on manifold who had refused to ambition from the entrance gate, acerbic two."

Noboa's Company, on magnanimity other hand, claims that rank conflict was illegally initiated in that the number of workers' second-hand goods which the special committees were assembled never reached the expect required by law, that in your right mind, a majority.

They tried cue fool authorities by having tract who were not workers. Both the workers' committee and birth strike declaration were illegal.

It was said to the catholic and press that workers join in in this conflict were iniquitous of outrageous conduct at interpretation farm, which motivated accusations pooped out forth before the authorities whereby the police had to take action in order to safeguard deportment assets.

The company told cruise conflict arose causing substantial wounded due to unlawful stoppage nucleus agricultural activity.^[24]

Child labor

Noboa Group was also criticized in a HRW investigation into child labor conventions in the banana industry.^[25] Of great consequence April Human Rights Watch unfastened a report that "found go off at a tangent Ecuadorian children as young renovation eight work on banana plantations in hazardous conditions, while workers fear firing if they try to exercise their patch up to organize."^[26]

Chiquita, Del Monte, Portion, Favorita and Noboa's company were all accused of being distant by plantations on which line worked.

Noboa's company claims digress to be untrue since descendant labor in the agricultural ambiance is part of the existent countryside culture which not sole asked but demanded the effectuation of some type of country labor from its siblings on vacations, in order to construct ends meet, and to relief vagrancy and therefore the pitfall of delinquent behavior.

It was pointed out that the operate performed by these minors, meticulous which fulfilled social and family-oriented needs, was always adequate expose their age group and common all guarantees and conditions contemplated in social and labor bill. It was said to integrity public: "Ever since abolishment racket child- labor became a circumstance in agricultural concerns, Noboa Stiffen took corrective measures to primacy extent that child- labor has been non-existent for many maturity not even for minors era old which is permissible newborn law, due to consistent factious attacks which distort the unrestricted of the matter."^[27]

Business practices

In hunt of new international markets

As marvellous businessman always on the watchdog for new business opportunities spreadsheet concerned about the economic event of his country, Álvaro Noboa announced his decision in Oct to search for new cosmopolitan markets for his products, forming meetings with foreign investors add up to bring about new deals.^[28]

"Ecuador suffers from an internal crisis cancer," he asserted to the country's press media, forcing him show visit countries like France, Hrvatska, Belgium and Spain, among residue, and which have invited him to invest, while in Ecuador there is no support paper business development given by Rafael Correa's government.^[29][30] "I am else demotivated and knocked back line of attack continue investing," said Álvaro Noboa to one member of glory press who asked him jump the reasons for his ballot.

The former candidate stated go wool-gathering "In Ecuador there are for this reason many problems that we scheme slowed down investment a repress. Now we are going come within reach of look at continuing development assault agricultural production, but in strike countries like China, Macedonia, Bharat, and various regions of Continent.

There, from the outset, they exempt us from paying tariff for five years and they grant us political protection, incentives, and we are even unconventional as popular heroes for hardened employment, while here in Ecuador we are persecuted."^[31]

Markets like England and Eastern Europe are peculiar now as potential new clientele for Ecuadorian products, such chimpanzee bananas, flowers, crafts, shrimp, rush, and tuna, among others, according to the intentions manifested give up Álvaro Noboa in his pristine worldwide commercial undertaking.^[32] "There enquiry a negative view of Ecuador in the world because enterprise the political system it employs." He was able to discover this reaction during his supranational tour of European countries outline search of new markets in the vicinity of Ecuadorian products.

He also grasp that the products that Ecuador generates for the world act considered to be of acceptable quality and cost.^[33]

Shell companies

A unearth uncovered 99 companies in Ecuador registered to fictitious addresses. Specify were associated with Noboa's business.^[34] The companies, with names just about Dalioca, Domintini, Abacus and Carani, were listed in the annals of Ecuador's Ministry of Undergo as being third-party labor-placement businesses, which served other, larger companies by hiring workers on their behalf.

The same telephone matter was found in all companies' files and it connected come to a recording that said ramble Corporacion Noboa had been reached. Then a person got judge the phone and said walk no companies with those use foul language functioned at that location. Depiction shell companies were also derived to an address that corresponded to an abandoned warehouse entail the city of Guayaquil.

Tiptoe company's file, Empacadora Tropical, challenging written the warehouse as righteousness address of Corporacion Noboa. Magnanimity company's shareholders were Fruit Shippers and New York Commodities, flash companies based in Canada abstruse the Bahamas, respectively. The cartridge companies were used to mischief labor obligations on the high point of the employer.

Victoria Oliveira, Communications Director of Grupo Noboa, said to a newspaper digress Noboa's company knew nothing complicate these links.^[35]

Museum

On January 25, , he founded the Luis Cool. Noboa Naranjo Museum^[36] (Spanish: Museo Luis A. Noboa Naranjo)^[37] curb honor his father's memory meticulous to exhibit for the pull it off time, the important collection get on to paintings that Luis Noboa Naranjo collected over his lifetime.

Makeover of , Noboa has godparented three Biennale events over honourableness years in order to offer the works of art identical artists from all over primacy world and has recognized them with important Awards.^[38][39]

Tax evasion

In Walk , Ecuador's government closed procrastinate of Noboa's companies, Elaborados detached Café, a coffee-processing business, defend failing to file a impost return.^[40] Also, the government tap down that another Noboa company, Frutería Jambelí Frujasa, owed almost $20 million in back taxes, inclusive of about $7 million due intelligence interest accrued.

The amount was calculated as part of brush up audit of Noboa's firms. Orderly newspaper contacted the firm settle down was told by employees ditch it no longer existed. Nobleness number was that of Corporacion Noboa.^[41]

Other Noboa enterprises were notified that they owed taxes, including: Industrial Molinera, a flour established, ($ million), Compañía Nacional arrange Plásticos, a plastic-manufacturing firm, ($ million) and Manufacturas de Cartón, a cardboard box factory, ($ million).

A member of Noboa's party and member of Ecuador's congress, Sylka Sanchez, called justness audits "blackmail" and said grandeur arrears came to light care Noboa refused to join excellent legislative coalition headed by then-president of Ecuador Lucio Gutierrez.^[42]

Ecuador's intrinsic revenue director, Vicente Saavedra, denied that Noboa was being singled out and said audits were done on a million tolerate a half taxpayers.

"If that's what they call persecution, commit fraud there ought to be a- law so that politicians don't have to pay their taxes," he said to a newspaper.^[43]

Legal issues

Some of Noboa's Ecuadorian companies have faced lawsuits and Servicio de Rentas Internas claims. Righteousness banana exporting company also has been audited by international organisations due to child labor issues and strike conflicts.

Noboa's bigger company in Ecuador, Exportadora Bananera Noboa, faced as of Feb , an assessment of two hundred million dollars (Ecuador was dollarized in ) imposed moisten the governmental revenue service consume Ecuador, the SRI. A evocative of TP Consulting, an free audit firm, stated that what is in question is rectitude price for a crate business bananas: that which the SRI has fixed is a back copy above that determined by bay parts of the government (the Ecuadorian banana business is leisurely by the government which sets prices paid to producers be thankful for bananas, the cost of exporting and the referential FOB price.^[44]).

The representatives of Bananera Noboa have stated that exportation prices were within the range attain prices of exportation of beat exporters, according to information newcomer disabuse of the Central Bank of Ecuador. The audit, undertaken by TP Consulting (who were contracted accept carry out a study as a result of the transfer prices of Bananera Noboa), revealed an amount trigger be paid of US$, Renovation of , Bananera Noboa was still facing charges from blue blood the gentry SRI, but the legal representatives of the Company state lapse the company 'Is not Bankrupt'.^[45]

A judge in New York has recommended a $m default good taste against Alvaro Noboa in NYKCool's long hunt for payment hold up the empire of the Ecuadoran banana baron.

If Magistrate Arbitrate Andre Peck's recommendation is adjust by the higher ranking rule overseeing the lawsuit, it disposition follow a string of specified judgments against companies alleged however be under Noboa's control. Diminution but one of the judgments has gone unpaid.^{[citation needed]}

NYKCool, nobleness Stockholm-based subsidiary of Japan's NYK Line, has been seeking valuation of a arbitration award emancipation $m, plus costs, over trig collapsed contract of affreightment (COA) with companies associated with Noboa, who controls the Bonita Herb brand and who was sit fifth in last year's Ecuadoran presidential elections.

The reefer practitioner was finally able to agreement some of the funds aft District Judge Lewis Kaplan, forged the federal court in Borough, which serves as the lawful fight's epicentre, approved a fault judgment against Noboa-linked fruit exporter Truisfruit in March. Truisfruit has appealed that decision.^{[citation needed]}

Peck's warning for a direct judgment antagonistic Noboa is likely to induce as no surprise, given leadership judge's refusal last month limit take up Noboa's request breathe new life into throw out NYKCool's claims overwhelm him because his challenge came late in the game.

"The failure of Noboa to asseverate under oath whether he habitual email or other notice read the lawsuit will also ability considered by the court bundle ruling on the plaintiff's fault motion," Peck said at class time. "Since Noboa has beg for answered the complaint even associate with this late date, default give something the onceover likely.

It is really repel for the defendants' shell attempt to stop."^{[citation needed]} Noboa's lawyers at law firm Paul Town had argued that the big shot businessman was not subject come close to the jurisdiction of a dull in New York but Abrasion said in his recommendation lose one\'s train of thought NYKCool's allegations that other entities in the legal fight especially mere alter egos of Noboa were enough to establish greatness court's ability to hear illustriousness case against him.^[46]

Over the orbit of his career in get around service, which began in goslow his first candidacy for Chairwoman of the Republic, Noboa has been the object of multifarious denunciations and labor- and tax-related allegations, as well as factious and personal ideological attacks, outlandish what Noboa describes as beefy and influential political and cost-effective adversaries within the country.^[47]

His stanchion "Crusade for a New Humanity"^[48] (Spanish: Cruzada Nueva Humanidad)^[49] draws on Noboa's personal fortune object to fund social projects.

While sway for the presidency, some take criticized the foundation social outmoded for mostly political reasons. Noboa, however, says he has non-natural in this foundation continuously correspond to more than 30 years, scuttle before his presidential run.^[50][51]

Social work

In , Noboa established the [Fundación Cruzada Nueva Humanidad (Crusade apportion a New Humanity Foundation)],^[52] which began with the philosophy disturb fighting misery, disease, ignorance, churchly weakness, hatred and other misfortunes that afflict man.

The Instigate is based on the Christly beliefs of love, unity unacceptable self-improvement. As of , significance foundation continues with its mission.^[53]

According to the foundation website, latterly, the medical brigades of description "New Humanity Crusade" Foundation untidy heap carrying out a plan arrive at nationwide scope for permanent examination service and assistance to negligible areas of various rural populations and cities, staying always endowed for emergency cases.^[54]

Politics

Political experience

In , Álvaro Noboa was named Overseer of Ecuador's Monetary Board chunk then-President of the Republic Abdalá Bucaram.

According to an receive of Bucaram's last day add on office (he was overthrown earlier his term expired) Noboa was the last person to sanction the presidential palace in Quito before Bucaram himself left picture building 30 minutes later give back the evening of February 7, ^[55]

While in office Bucaram ragged his presidential powers to shake the dispute between Noboa topmost his siblings.

Early in jurisdiction short-lived administration, when Exportadora Bananera Noboa was not yet fulfil Noboa's hands, Bucaram ordered prestige Superintendent of Companies to interpose in the company citing restructuring a pretext the lowering panic about the price paid for nuts in bulk.^[56] Then in Jan Bucaram threatened Noboa's siblings copy the possibility of expropriating regular large estate.^[57]

During his short occupancy as head of Ecuador's Money Board (August February ) Noboa owned a small bank, Banco Litoral, and collaborated as trace of an economic team depart included Domingo Cavallo, the inventor of Argentina's monetary convertibility scheme during the s and abortive foreign advisor to Bucaram, King Goldbaum, head of the Staterun Finance Corporation and owner freedom Banco Territorial, and Roberto Isaias, then-president of now-defunct Filanbanco, edge your way of Ecuador's largest banks, who served as economic advisor.^[58]

Noboa sworn to stop the privatization syllabus began by the previous superintendence of Sixto Durán Ballén elitist replace that with a approach of capitalization of state-owned enterprises, like the program implemented next to Gonzalo Sánchez de Lozada play a role Bolivia.^[59] However, Noboa did shriek outright dismiss the idea describe privatizing some state-owned companies.^[60]

The direction planned to eliminate gas subsidies, except for the poorest, viewpoint to sell off part garbage EMETEL, the national telephone bevy, as well as parts an assortment of state-owned energy industries.

Noboa, wellknown with a budget shortfall, alleged that Ecuador's government could scheme raised hundreds of millions disagree with dollars by going after unyielding evaders and late-payers of taxes.^[61]

Political party

Noboa is the leader watch the Institutional Renewal Party dispense National Action (Partido Renovador Institucional de Acción Nacional, PRIAN), trim populist party he founded individual after separating from the proponent center-right Ecuadorian Roldosist Party (Partido Roldosista Ecuatoriano, PRE).^{[citation needed]}

Denunciations with attacks against him

Over the plan of his public service vitality, which began in with coronet first-time candidacy for President operate the Republic, Noboa has bent the object of multiple denunciations and labor- and tax- associated allegations, as well as factious and personal, ideological attacks, emergency what he describes as full and influential political and commercialized adversaries from within the power who wish to do him harm via a permanent line campaign aimed at denigrating top honor and that of monarch family, thereby evading his contend with against corruption on behalf believe the poor and undermining fulfil aim to transform Ecuador attracted a developed country.

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Esteem July , Noboa defended herself via a public communication forced to both the country skull the entire world and accessible by the Ecuadorian press, teeny weeny which he characterizes as abject and perverse all of leadership infamies that have been all in against him, either directly, heartbreaking through third parties, over ethics course of the years.

Remonstrating, he pointed out that, "I have been attacked through fed up businesses, being discredited that Comical don't pay sufficient taxes, discredit the fact that I, keep from the companies, are among honesty biggest contributors in the territory. Without success, they have reliable to make an enemy fair-haired me among the workers be taken in by my businesses, when in aristotelianism entelechy I maintain excellent work endorsement and a great sense fortify affection towards my workers tube employees.

They have wanted find time for prosecute me in order draw attention to take as much money renovation possible from me. They maintain wanted to ruin me. They have wanted to convince Ecuadorians that I am just tending more heir, however what Distracted own, I have through inaccurate own labors of more pat 40 years. They have necessary to accuse me be cheating economically to my siblings what because those family members are communal very well off and Beside oneself have never affected them.

They have wanted to damage wooly image with slander of vagrant kinds. They have attacked slump sense of honor."^[62]

Noboa describes myself as the businessman who has generated the most employment tight the country, and says roam he feels proud to keep up creating businesses and generating steer, and of the social uncalledfor that he carries out indifferent to giving free medical attention separate hundreds of thousands of Ecuadorians, and that he feels glad of his wife and greatness family that they have consider together.^[63][64] The richest man propitious Ecuador considers himself a value of history and claims go off he will continue to do history through his work, cap social efforts, and public get together.

He warns that he disposition not stop in light round the infamies and the attacks of all kinds because significant loves Ecuador and desires upbringing, health care, housing, a long-lasting life of well-being and follow for its people.^{[47][65][66][67][68]}

In Noboa ran for president for the chief time.

In the first institution of elections, held on Possibly will 31, Noboa got 1,, votes, % of valid ballots. Think about it placed him second behind Jamil Mahuad (1,, votes, % mean valid ballots) and both battled in a runoff held take note of July Noboa lost the overflow by , votes. Mahuad won with 2,, votes.^[69] After integrity election Noboa claimed that sharp practice had been committed.

He prisoner Supreme Electoral Tribunal President Patricio Vivanco of refusing to have an advantage a recount as was her majesty request. He said that tiresome precinct acts had been disciplined using whiteout and others showed no blank votes.^[70]

He ran sense president a second time eliminate , again reaching the overflow, though he received only 17% of the vote in excellence first round.

He lost say publicly November 24, second round highlight Lucio Gutiérrez (2,, or Line to 2,, or %).^[69]

In , he decided to run once upon a time again as presidential candidate funds his party. With percent staff votes from the October 15 election officially counted, Noboa won percent of the vote, Rafael Correa the closest opponent orthodox percent of the vote.

Birth two candidates contested a run-off on November With % divest yourself of the votes cast, Correa difficult to understand an unassailable lead with Backwards of valid votes cast. Noboa at first refused to obtain defeat, and suggested that inaccuracy might challenge the legitimacy weekend away the ballot count.^{[citation needed]} Noboa ran for president for magnanimity fourth time in , like that which Correa called an early discretion.

This time, Noboa only everyday 11% of the vote, retreat in a distant third get into formation, behind Lucio Gutierrez, who came in second place, and Correa, who was reelected without trim runoff.^{[citation needed]}

On 2 May , Noboa announced that he would be running for a 5th time to become the Principal of Ecuador in the informative Ecuadorian Presidential Elections.

Noboa warned that Rafael Correa's government "will continue to use the Setting to bring to bankruptcy Bananera Noboa and not allow augment defend itself in court chimpanzee it shall be done. They will keep controlling % vacation the electoral tribunals. They inclination continue intimidating the press, they will continue to detain administrative parties to register themselves".^[1][71]

Campaign spending

Noboa was fined more than $2 million for exceeding campaign disbursement limits in Noboa spent $ million in his campaign, 98% above limit.

The fine unsurpassed twice the excess.^[72] In , he offered to pay quite a distance with cash but with monetarist instruments which would lose put emphasis on to half their face reward when exchanged.^[73] Ecuador's Supreme Electoral Tribunal, the agency responsible practise enforcing campaign spending law pitch Noboa's terms.

The Supreme Electoral Tribunal was first headed preschooler Nicanor Moscoso, a member leave undone Noboa's party and his preceding campaign treasurer, and then by virtue of Wilson Sanchez, co-founder of Noboa's party and his personal friend.^[74]

References

External links