IBOV 172,197 ▼ 0.92% IPSA 10,626 ▼ 1.50% IPC MEX 68,137 ▼ 0.66% MERVAL 3,242,788 ▲ 2.41% COLCAP 2,254.58 ▲ 3.57% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▼ 0.42% USD/MXN 17.33 ▼ 0.17% USD/CLP 891.61 ▲ 0.20% USD/COP 3,548 ▼ 3.55% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,427 ▲ 1.28% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.86 — 0.00% USD/DOP 57.98 ▼ 0.14% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.58 ▲ 0.39% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.84 ▼ 0.68% BRENT 95.30 ▲ 3.53% WTI 92.47 ▲ 5.85% IRON ORE 161.91 — — COPPER 6.57 ▲ 3.32% GOLD 4,515 ▼ 1.00% SILVER 75.15 ▼ 0.62% SOY 1,181 ▼ 0.46% CORN 444.50 ▼ 0.50% WHEAT 608.25 ▼ 0.37% COFFEE 260.00 ▼ 2.11% SUGAR 14.42 ▲ 2.56% ORANGE JUICE 154.95 ▼ 2.70% COTTON 76.66 ▲ 0.67% COCOA 3,899 ▼ 0.61% BEEF 240.40 ▼ 3.16% CATTLE 351.18 ▲ 0.79% LITHIUM 86.09 ▼ 1.22% PETR4 42.37 ▲ 2.59% VALE3 81.70 ▼ 1.35% ITUB4 39.36 ▼ 1.65% BBDC4 17.50 ▼ 1.02% ABEV3 16.43 ▲ 0.67% BBAS3 20.08 ▼ 0.79% B3SA3 16.25 ▼ 1.52% WEGE3 43.00 ▼ 2.49% PRIO3 62.82 ▲ 0.92% SUZB3 40.65 ▼ 3.01% RENT3 41.34 ▼ 1.62% AZZA3 18.78 ▼ 2.74% CSAN3 3.88 ▲ 2.11% RAIZ4 0.40 ▲ 11.11% PCAR3 1.61 ▼ 13.44% GMAT3 4.14 ▼ 3.04% PSSA3 48.00 ▼ 0.64% CVCB3 1.55 ▲ 3.33% POSI3 4.10 ▲ 0.74% SLCE3 15.21 ▼ 1.87% NATU3 9.84 ▼ 1.11% BRKM5 10.23 ▼ 2.20% RANI3 7.94 ▼ 1.00% CSNA3 6.55 ▼ 2.38% CMIN3 4.54 ▼ 2.58% USIM5 11.09 ▲ 0.09% GGBR4 23.14 ▲ 1.62% ENEV3 24.88 ▼ 2.93% NEOE3 33.80 — 0.00% CPFE3 42.85 ▼ 1.24% CMIG4 10.81 ▲ 0.46% EQTL3 38.43 ▼ 0.31% LREN3 15.02 ▲ 0.81% VIVT3 33.25 ▼ 1.69% RAIL3 13.92 ▲ 1.46% KLABIN 16.64 ▼ 0.18% RAIA DROGASIL 17.86 ▼ 4.44% RDOR3 33.87 ▼ 0.44% HAPV3 12.20 ▲ 0.41% FLRY3 15.31 ▼ 0.52% SMTO3 17.22 ▲ 1.41% UGPA3 25.41 ▼ 1.78% VBBR3 29.91 ▲ 0.54% BBSE3 35.03 ▼ 1.05% BPAC11 52.75 ▼ 1.86% CURY3 31.32 ▼ 1.29% AERI3 2.40 ▲ 4.80% VIVARA 21.55 ▼ 1.33% COMPASS 26.38 ▼ 1.46% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▲ 0.18% ASAI3 8.60 ▼ 1.71% SBSP3 27.28 ▼ 2.40% WALMEX 52.14 ▼ 0.50% GMEXICO 215.83 ▲ 0.27% FEMSA 204.01 ▼ 1.27% CEMEX 22.77 ▼ 0.26% GFNORTE 180.45 ▼ 0.19% BIMBO 57.50 ▼ 3.67% TELEVISA 9.28 ▼ 0.32% AMX 21.93 ▼ 0.23% GAP 400.32 ▼ 1.96% ASUR 296.67 ▲ 0.09% OMA 217.51 ▼ 0.23% KOF 185.07 ▼ 1.24% GRUMA 290.45 ▼ 0.11% KIMBER 38.58 ▲ 0.47% SQM-B 74,450 ▼ 2.30% COPEC 6,340 ▲ 0.26% BSANTANDER 69.25 ▼ 1.07% FALABELLA 5,645 ▼ 0.96% ENELAM 78.00 — 0.00% CENCOSUD 2,146 ▲ 2.24% CMPC 1,065 ▼ 0.09% BANCO CHILE 166.59 ▼ 0.64% LATAM AIR 23.08 ▼ 4.23% YPF 81,500 ▲ 4.02% GGAL 7,645 ▲ 2.00% PAMPA 5,245 ▲ 3.25% TXAR 688.50 ▼ 0.58% ALUAR 1,030 ▲ 1.08% TGS 9,425 ▲ 3.17% CEPU 2,390 ▲ 1.44% MIRGOR 17,200 ▲ 1.47% COME 50.20 ▲ 1.70% LOMA NEGRA 3,663 ▲ 1.95% BYMA 301.50 ▲ 1.52% TELECOM ARG 4,335 ▲ 0.17% ECOPETROL 16.25 ▲ 11.23% BANCOLOMBIA 73.52 ▲ 7.19% GRUPO AVAL 5.15 ▲ 11.71% CREDICORP 340.56 ▼ 0.60% SOUTHERN COPPER 194.62 ▲ 1.74% BUENAVENTURA 35.15 ▼ 4.72% MERCADOLIBRE 1,731 ▲ 2.08% NUBANK 12.99 ▼ 1.07% XP 16.60 ▼ 0.42% PAGSEGURO 9.43 ▲ 0.86% STONE 11.69 ▲ 2.10% GLOBANT 44.44 ▲ 10.11% TECNOGLASS 43.57 ▲ 1.11% GAP AIRPORT 231.41 ▼ 2.07% ASUR 296.67 ▲ 0.09% OMA AIRPORT 100.28 ▼ 0.04% AMX ADR 25.20 ▼ 0.71% FEMSA ADR 117.73 ▼ 1.09% CEMEX ADR 13.10 ▲ 0.08% PETROBRAS ADR 18.86 ▲ 0.48% VALE ADR 16.30 ▲ 0.31% ITAU ADR 7.79 ▼ 1.14% SANTANDER BR 5.43 ▼ 0.18% AMBEV ADR 3.24 ▲ 0.93% CSN 1.31 ▼ 2.96% GERDAU 4.56 ▲ 1.33% LATAM ADR 52.05 ▼ 3.04% BTC 70,943 ▼ 3.58% ETH 1,992 ▼ 0.63% SOL 80.57 ▼ 2.10% XRP 1.29 ▼ 3.09% BNB 688.81 ▼ 2.79% ADA 0.23 ▼ 2.59% DOGE 0.10 ▼ 0.56% AVAX 8.87 ▼ 1.00% LINK 8.97 ▼ 1.70% DOT 1.15 ▼ 3.06% LTC 50.63 ▼ 2.64% BCH 289.59 ▼ 4.23% TRX 0.34 ▼ 2.13% XLM 0.24 ▼ 5.69% HBAR 0.09 ▼ 3.89% NEAR 2.62 ▲ 12.77% ATOM 1.89 ▼ 3.08% AAVE 79.75 ▼ 2.80% SELIC 14.50% EMBRAER 72.17 ▼ 1.65% EMBRAER ADR 56.96 ▼ 1.37% JBS 12.10 ▼ 2.97% JBS BDR 60.60 ▼ 0.66% MBRF3 15.83 ▼ 1.12% MBRFY 3.15 ▲ 3.28% INTER 6.17 — 0.00% EGX 52,854 ▲ 0.37% USD/ZAR 16.25 ▲ 0.22% USD/NGN 1,367 ▼ 0.23% NIKKEI 66,934 ▲ 0.91% CSI300 4,844 ▼ 0.98% HSI 25,398 ▲ 0.86% NIFTY 23,383 ▼ 0.70% KOSPI 8,788 ▲ 3.68% JCI 6,127 ▼ 0.05% USD/JPY 159.60 ▲ 0.22% USD/CNY 6.7645 ▼ 0.02% DAX 25,003 ▼ 0.40% CAC 8,147 ▼ 0.45% FTSE 10,339 ▼ 0.68% MIB 49,775 ▼ 0.52% IBEX 18,185 ▼ 0.97% STOXX 621.24 ▼ 0.76% EUR/USD 1.1639 ▼ 0.17% GBP/USD 1.3458 ▲ 0.01% SPX 7,600 ▲ 0.26% DJI 51,079 ▲ 0.09% NDX 30,514 ▲ 0.60% RUT 2,906 ▼ 0.47% TSX 34,735 ▼ 0.10% VIX 16.05 ▲ 4.77% USD/CAD 1.3836 ▲ 0.31% US10Y 4.4750 ▲ 0.49% IBOV 172,197 ▼ 0.92% IPSA 10,626 ▼ 1.50% IPC MEX 68,137 ▼ 0.66% MERVAL 3,242,788 ▲ 2.41% COLCAP 2,254.58 ▲ 3.57% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▼ 0.42% USD/MXN 17.33 ▼ 0.17% USD/CLP 891.61 ▲ 0.20% USD/COP 3,548 ▼ 3.55% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,427 ▲ 1.28% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.86 — 0.00% USD/DOP 57.98 ▼ 0.14% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.58 ▲ 0.39% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.84 ▼ 0.68% BRENT 95.30 ▲ 3.53% WTI 92.47 ▲ 5.85% IRON ORE 161.91 — — COPPER 6.57 ▲ 3.32% GOLD 4,515 ▼ 1.00% SILVER 75.15 ▼ 0.62% SOY 1,181 ▼ 0.46% CORN 444.50 ▼ 0.50% WHEAT 608.25 ▼ 0.37% COFFEE 260.00 ▼ 2.11% SUGAR 14.42 ▲ 2.56% ORANGE JUICE 154.95 ▼ 2.70% COTTON 76.66 ▲ 0.67% COCOA 3,899 ▼ 0.61% BEEF 240.40 ▼ 3.16% CATTLE 351.18 ▲ 0.79% LITHIUM 86.09 ▼ 1.22% PETR4 42.37 ▲ 2.59% VALE3 81.70 ▼ 1.35% ITUB4 39.36 ▼ 1.65% BBDC4 17.50 ▼ 1.02% ABEV3 16.43 ▲ 0.67% BBAS3 20.08 ▼ 0.79% B3SA3 16.25 ▼ 1.52% WEGE3 43.00 ▼ 2.49% PRIO3 62.82 ▲ 0.92% SUZB3 40.65 ▼ 3.01% RENT3 41.34 ▼ 1.62% AZZA3 18.78 ▼ 2.74% CSAN3 3.88 ▲ 2.11% RAIZ4 0.40 ▲ 11.11% PCAR3 1.61 ▼ 13.44% GMAT3 4.14 ▼ 3.04% PSSA3 48.00 ▼ 0.64% CVCB3 1.55 ▲ 3.33% POSI3 4.10 ▲ 0.74% SLCE3 15.21 ▼ 1.87% NATU3 9.84 ▼ 1.11% BRKM5 10.23 ▼ 2.20% RANI3 7.94 ▼ 1.00% CSNA3 6.55 ▼ 2.38% CMIN3 4.54 ▼ 2.58% USIM5 11.09 ▲ 0.09% GGBR4 23.14 ▲ 1.62% ENEV3 24.88 ▼ 2.93% NEOE3 33.80 — 0.00% CPFE3 42.85 ▼ 1.24% CMIG4 10.81 ▲ 0.46% EQTL3 38.43 ▼ 0.31% LREN3 15.02 ▲ 0.81% VIVT3 33.25 ▼ 1.69% RAIL3 13.92 ▲ 1.46% KLABIN 16.64 ▼ 0.18% RAIA DROGASIL 17.86 ▼ 4.44% RDOR3 33.87 ▼ 0.44% HAPV3 12.20 ▲ 0.41% FLRY3 15.31 ▼ 0.52% SMTO3 17.22 ▲ 1.41% UGPA3 25.41 ▼ 1.78% VBBR3 29.91 ▲ 0.54% BBSE3 35.03 ▼ 1.05% BPAC11 52.75 ▼ 1.86% CURY3 31.32 ▼ 1.29% AERI3 2.40 ▲ 4.80% VIVARA 21.55 ▼ 1.33% COMPASS 26.38 ▼ 1.46% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▲ 0.18% ASAI3 8.60 ▼ 1.71% SBSP3 27.28 ▼ 2.40% WALMEX 52.14 ▼ 0.50% GMEXICO 215.83 ▲ 0.27% FEMSA 204.01 ▼ 1.27% CEMEX 22.77 ▼ 0.26% GFNORTE 180.45 ▼ 0.19% BIMBO 57.50 ▼ 3.67% TELEVISA 9.28 ▼ 0.32% AMX 21.93 ▼ 0.23% GAP 400.32 ▼ 1.96% ASUR 296.67 ▲ 0.09% OMA 217.51 ▼ 0.23% KOF 185.07 ▼ 1.24% GRUMA 290.45 ▼ 0.11% KIMBER 38.58 ▲ 0.47% SQM-B 74,450 ▼ 2.30% COPEC 6,340 ▲ 0.26% BSANTANDER 69.25 ▼ 1.07% FALABELLA 5,645 ▼ 0.96% ENELAM 78.00 — 0.00% CENCOSUD 2,146 ▲ 2.24% CMPC 1,065 ▼ 0.09% BANCO CHILE 166.59 ▼ 0.64% LATAM AIR 23.08 ▼ 4.23% YPF 81,500 ▲ 4.02% GGAL 7,645 ▲ 2.00% PAMPA 5,245 ▲ 3.25% TXAR 688.50 ▼ 0.58% ALUAR 1,030 ▲ 1.08% TGS 9,425 ▲ 3.17% CEPU 2,390 ▲ 1.44% MIRGOR 17,200 ▲ 1.47% COME 50.20 ▲ 1.70% LOMA NEGRA 3,663 ▲ 1.95% BYMA 301.50 ▲ 1.52% TELECOM ARG 4,335 ▲ 0.17% ECOPETROL 16.25 ▲ 11.23% BANCOLOMBIA 73.52 ▲ 7.19% GRUPO AVAL 5.15 ▲ 11.71% CREDICORP 340.56 ▼ 0.60% SOUTHERN COPPER 194.62 ▲ 1.74% BUENAVENTURA 35.15 ▼ 4.72% MERCADOLIBRE 1,731 ▲ 2.08% NUBANK 12.99 ▼ 1.07% XP 16.60 ▼ 0.42% PAGSEGURO 9.43 ▲ 0.86% STONE 11.69 ▲ 2.10% GLOBANT 44.44 ▲ 10.11% TECNOGLASS 43.57 ▲ 1.11% GAP AIRPORT 231.41 ▼ 2.07% ASUR 296.67 ▲ 0.09% OMA AIRPORT 100.28 ▼ 0.04% AMX ADR 25.20 ▼ 0.71% FEMSA ADR 117.73 ▼ 1.09% CEMEX ADR 13.10 ▲ 0.08% PETROBRAS ADR 18.86 ▲ 0.48% VALE ADR 16.30 ▲ 0.31% ITAU ADR 7.79 ▼ 1.14% SANTANDER BR 5.43 ▼ 0.18% AMBEV ADR 3.24 ▲ 0.93% CSN 1.31 ▼ 2.96% GERDAU 4.56 ▲ 1.33% LATAM ADR 52.05 ▼ 3.04% BTC 70,943 ▼ 3.58% ETH 1,992 ▼ 0.63% SOL 80.57 ▼ 2.10% XRP 1.29 ▼ 3.09% BNB 688.81 ▼ 2.79% ADA 0.23 ▼ 2.59% DOGE 0.10 ▼ 0.56% AVAX 8.87 ▼ 1.00% LINK 8.97 ▼ 1.70% DOT 1.15 ▼ 3.06% LTC 50.63 ▼ 2.64% BCH 289.59 ▼ 4.23% TRX 0.34 ▼ 2.13% XLM 0.24 ▼ 5.69% HBAR 0.09 ▼ 3.89% NEAR 2.62 ▲ 12.77% ATOM 1.89 ▼ 3.08% AAVE 79.75 ▼ 2.80% SELIC 14.50% EMBRAER 72.17 ▼ 1.65% EMBRAER ADR 56.96 ▼ 1.37% JBS 12.10 ▼ 2.97% JBS BDR 60.60 ▼ 0.66% MBRF3 15.83 ▼ 1.12% MBRFY 3.15 ▲ 3.28% INTER 6.17 — 0.00% EGX 52,854 ▲ 0.37% USD/ZAR 16.25 ▲ 0.22% USD/NGN 1,367 ▼ 0.23% NIKKEI 66,934 ▲ 0.91% CSI300 4,844 ▼ 0.98% HSI 25,398 ▲ 0.86% NIFTY 23,383 ▼ 0.70% KOSPI 8,788 ▲ 3.68% JCI 6,127 ▼ 0.05% USD/JPY 159.60 ▲ 0.22% USD/CNY 6.7645 ▼ 0.02% DAX 25,003 ▼ 0.40% CAC 8,147 ▼ 0.45% FTSE 10,339 ▼ 0.68% MIB 49,775 ▼ 0.52% IBEX 18,185 ▼ 0.97% STOXX 621.24 ▼ 0.76% EUR/USD 1.1639 ▼ 0.17% GBP/USD 1.3458 ▲ 0.01% SPX 7,600 ▲ 0.26% DJI 51,079 ▲ 0.09% NDX 30,514 ▲ 0.60% RUT 2,906 ▼ 0.47% TSX 34,735 ▼ 0.10% VIX 16.05 ▲ 4.77% USD/CAD 1.3836 ▲ 0.31% US10Y 4.4750 ▲ 0.49%
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Monday, June 1, 2026

How a Serbian Drug Case Toppled Ecuador’s Judiciary Chief

By · February 19, 2026 · 3 min read

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Key Points
Mario Godoy resigned as president of Ecuador’s Judiciary Council on Wednesday morning — one hour before the National Assembly began impeachment proceedings against him for “manifest negligence”
The Assembly censured and removed him anyway with 148 votes in favor and one abstention, banning him from public office for two years — both the ruling ADN party and the opposition Revolución Ciudadana bloc backed the motion
The case centered on allegations that a subordinate pressured an anti-corruption judge to favor a Serbian drug trafficker — and that Godoy’s wife served as the defendant’s lawyer

Mario Godoy tried to outrun the vote. On Wednesday morning, the president of Ecuador‘s Judiciary Council — the body that administers and disciplines the country’s courts — posted his resignation on X, barely an hour before the National Assembly convened to impeach him. It didn’t work.

By that afternoon, 148 of 149 lawmakers present voted to censure and remove him for “manifest negligence” in office. Only one abstained. The near-unanimous result banned Godoy from holding any public position for two years.

How a Serbian Drug Case Toppled Ecuador’s Judiciary Chief. (Photo Internet reproduction)

The narco connection

The impeachment was driven by five lawmakers from the opposition Revolución Ciudadana bloc but ultimately backed by President Daniel Noboa‘s ruling party, Acción Democrática Nacional. The Oversight Commission approved the impeachment report unanimously on February 13, and both major blocs had signaled they would vote to remove him.

At the center of the case was anti-corruption judge Carlos Serrano. He reported that Henry Gaibor, Godoy’s provincial director for the Judiciary Council in Pichincha, pressured him to issue a favorable ruling for Serbian national Jezdimir Srdan in a money laundering case known as “Euro 2024.” Audio recordings of the pressure became public.

The accusations went further. Godoy’s wife, Dolores Vintimilla, had served as Srdan’s defense lawyer in pre-trial stages — creating what lawmakers called a clear conflict of interest. Godoy maintained the legal work predated his appointment, but investigators found court notifications dated after he took office.

Resignation without defense

In his resignation letter, addressed to the Citizens’ Participation Council and Assembly president Niels Olsen, Godoy blamed partisan interests for overriding institutional planning. He did not name any political party. He did not attend the Assembly to mount his three-hour defense.

Under Ecuadorian law, resignation does not stop impeachment proceedings. It converts the outcome from removal to censure with a two-year ban on public office — the same practical effect, minus the formal dismissal from a post already vacated.

What comes next

Damián Larco, a former tax agency director, was named interim head of the Judiciary Council. The Citizens’ Participation Council is already assembling a shortlist for Godoy’s permanent replacement.

Assembly president Olsen framed the outcome in institutional terms. But both ADN and Revolución Ciudadana rushed to claim credit — each accusing the other of initially trying to shield Godoy. The real winner may be neither party but a judiciary that, for once, saw accountability applied to those who oversee it. This is part of The Rio Times’ daily coverage of Ecuador affairs and Latin American financial news.

Related coverage: Brazil’s Morning Call | USA & Canada Intelligence Brief for Thursday, February 19, 2

Deep Dive

Ecuador Colombia Crisis 2026: Complete Guide

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