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Interpol issue alert for Ecuador ex-President Mahuad

Interpol has issued an international alert for the former President of Ecuador, Jamil Mahuad. Mr Mahuad, a lecturer at Harvard University, is wanted in Ecuador over allegations of embezzlement during his time in office in the 1990s. The former president, who denies the charges, fled Ecuador after a coup in 2000 and moved to the United States. During a 1999 banking crisis, Mr Mahuad froze bank accounts and replaced the Ecuadorean currency with the dollar. The government blamed the former president for the events – which saw more than 20 banks shut down – and started a lawsuit against him in 2000.