IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.33% USD/MXN17.44▲ 0.29% USD/CLP927.20▲ 0.13% USD/COP3,222▼ 1.17% USD/PEN3.39▲ 0.27% USD/ARS1,475▼ 0.10% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.37% BRENT 84.73 ▼ 0.26% WTI 78.82 ▼ 0.98% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.20% GOLD 4,014 ▼ 0.75% SILVER 56.67 ▼ 0.77% SOY 1,199 ▼ 0.27% CORN 464.00 ▲ 3.69% WHEAT 674.00 ▼ 0.52% COFFEE 311.35 ▼ 6.91% SUGAR 14.46 ▼ 2.63% ORANGE JUICE 134.60 ▼ 3.06% COTTON 79.07 ▼ 1.85% COCOA 5,401 ▼ 5.86% BEEF 222.45 ▼ 3.34% CATTLE 344.95 ▼ 1.43% LITHIUM 69.18 ▼ 2.65% PETR4 40.63 ▲ 0.10% VALE3 73.08 ▼ 1.92% ITUB4 42.78 ▼ 0.83% BBDC4 18.39 ▼ 1.13% ABEV3 15.69 ▲ 0.77% BBAS3 20.60 ▲ 0.24% B3SA3 15.43 ▼ 1.66% WEGE3 44.06 ▼ 0.45% PRIO3 57.59 ▲ 0.16% SUZB3 42.15 ▲ 1.62% RENT3 39.71 ▼ 1.59% AZZA3 18.70 ▲ 0.21% CSAN3 3.91 ▼ 0.51% RAIZ4 0.29 — 0.00% PCAR3 2.69 ▲ 2.67% GMAT3 3.95 ▼ 0.75% PSSA3 55.05 ▼ 0.31% CVCB3 1.37 ▲ 2.24% POSI3 3.86 ▼ 2.28% SLCE3 13.67 ▲ 1.26% NATU3 8.61 ▼ 0.69% BRKM5 6.27 ▼ 2.18% RANI3 8.01 ▲ 0.38% CSNA3 5.17 ▼ 1.34% CMIN3 5.48 ▲ 4.58% USIM5 8.14 ▼ 0.73% GGBR4 24.18 ▼ 0.08% ENEV3 26.32 ▼ 2.34% CPFE3 46.94 ▲ 0.23% CMIG4 11.05 ▼ 0.90% EQTL3 40.01 ▼ 0.79% LREN3 13.83 ▼ 1.91% VIVT3 35.55 ▲ 0.23% RAIL3 14.05 ▼ 0.14% KLABIN 17.55 ▲ 0.92% RAIA DROGASIL 18.62 ▼ 0.27% RDOR3 35.88 ▼ 0.36% HAPV3 10.81 ▼ 1.64% FLRY3 16.39 ▼ 0.73% SMTO3 15.73 ▲ 1.29% UGPA3 31.95 ▲ 2.73% VBBR3 34.48 ▲ 2.16% BBSE3 41.01 ▲ 0.74% BPAC11 56.88 ▼ 0.28% CURY3 32.09 ▼ 1.96% AERI3 2.02 — 0.00% VIVARA 23.34 ▼ 0.77% COMPASS 24.93 ▼ 0.72% VAMOS 3.22 ▲ 3.21% SANB11 26.88 ▼ 0.44% ASAI3 8.53 ▼ 1.50% SBSP3 30.01 ▲ 0.10% WALMEX 49.45 ▼ 0.50% GMEXICO 201.33 ▲ 0.56% FEMSA 225.80 ▲ 1.30% CEMEX 22.95 ▲ 1.46% GFNORTE 180.10 ▼ 1.83% BIMBO 58.65 ▲ 1.96% TELEVISA 9.54 ▼ 0.21% AMX 22.98 ▲ 0.79% GAP 393.07 ▼ 1.01% ASUR 282.28 ▼ 0.42% OMA 233.78 ▼ 0.60% KOF 179.86 ▲ 1.64% GRUMA 285.41 ▲ 1.45% KIMBER 38.72 ▲ 0.16% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,400 ▼ 0.19% GGAL 8,070 ▼ 1.65% PAMPA 5,145 ▼ 1.81% TXAR 668.00 ▼ 0.45% ALUAR 955.50 ▼ 0.42% TGS 9,585 ▼ 1.69% CEPU 2,307 ▼ 1.58% MIRGOR 17,050 ▲ 0.44% COME 45.02 ▼ 1.34% LOMA NEGRA 3,623 ▲ 0.28% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,265 ▼ 1.16% ECOPETROL 15.99 ▲ 0.06% BANCOLOMBIA 79.44 ▼ 2.59% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.96 ▼ 1.82% SOUTHERN COPPER 177.67 ▼ 2.13% BUENAVENTURA 30.16 ▼ 1.79% MERCADOLIBRE 1,850 ▲ 0.35% NUBANK 13.89 ▲ 0.04% XP 16.73 ▼ 0.83% PAGSEGURO 9.19 ▼ 0.27% STONE 11.20 ▼ 0.75% GLOBANT 32.64 ▲ 2.05% TECNOGLASS 47.24 ▲ 3.44% GAP AIRPORT 225.33 ▼ 1.09% ASUR 282.28 ▼ 0.42% OMA AIRPORT 107.18 ▼ 0.67% AMX ADR 26.30 ▲ 0.73% FEMSA ADR 129.28 ▲ 0.39% CEMEX ADR 13.18 ▲ 0.80% PETROBRAS ADR 17.75 ▼ 0.64% VALE ADR 14.31 ▼ 2.45% ITAU ADR 8.37 ▼ 0.93% SANTANDER BR 5.32 ▼ 0.56% AMBEV ADR 3.06 ▲ 0.83% CSN 1.02 ▼ 0.96% GERDAU 4.77 ▼ 0.73% LATAM ADR 54.03 ▼ 1.53% BTC 64,560 ▼ 0.24% ETH 1,877 ▼ 2.07% SOL 76.44 ▼ 1.07% XRP 1.11 ▼ 0.02% BNB 578.46 ▼ 0.28% ADA 0.16 ▼ 1.27% DOGE 0.07 ▼ 0.84% AVAX 6.62 ▼ 1.14% LINK 8.40 ▼ 1.59% DOT 0.85 ▲ 0.42% LTC 45.10 ▼ 0.05% BCH 222.30 ▼ 0.38% TRX 0.32 ▼ 0.34% XLM 0.19 ▲ 1.65% HBAR 0.07 ▲ 0.12% NEAR 2.06 ▼ 0.15% ATOM 1.53 ▼ 1.83% AAVE 92.00 ▼ 4.00% SELIC 14.25% EMBRAER 82.87 ▲ 0.63% EMBRAER ADR 65.10 ▲ 0.31% JBS 12.27 ▲ 1.41% JBS BDR 62.46 ▲ 1.68% MBRF3 15.35 ▼ 0.32% MBRFY 2.99 ▲ 4.18% INTER 5.54 ▼ 1.42% IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.33% USD/MXN 17.44 ▲ 0.29% USD/CLP 927.20 ▲ 0.13% USD/COP 3,222 ▼ 1.17% USD/PEN 3.39 ▲ 0.27% USD/ARS 1,475 ▼ 0.10% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.37% BRENT 84.73 ▼ 0.26% WTI 78.82 ▼ 0.98% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.20% GOLD 4,014 ▼ 0.75% SILVER 56.67 ▼ 0.77% SOY 1,199 ▼ 0.27% CORN 464.00 ▲ 3.69% WHEAT 674.00 ▼ 0.52% COFFEE 311.35 ▼ 6.91% SUGAR 14.46 ▼ 2.63% ORANGE JUICE 134.60 ▼ 3.06% COTTON 79.07 ▼ 1.85% COCOA 5,401 ▼ 5.86% BEEF 222.45 ▼ 3.34% CATTLE 344.95 ▼ 1.43% LITHIUM 69.18 ▼ 2.65% PETR4 40.63 ▲ 0.10% VALE3 73.08 ▼ 1.92% ITUB4 42.78 ▼ 0.83% BBDC4 18.39 ▼ 1.13% ABEV3 15.69 ▲ 0.77% BBAS3 20.60 ▲ 0.24% B3SA3 15.43 ▼ 1.66% WEGE3 44.06 ▼ 0.45% PRIO3 57.59 ▲ 0.16% SUZB3 42.15 ▲ 1.62% RENT3 39.71 ▼ 1.59% AZZA3 18.70 ▲ 0.21% CSAN3 3.91 ▼ 0.51% RAIZ4 0.29 — 0.00% PCAR3 2.69 ▲ 2.67% GMAT3 3.95 ▼ 0.75% PSSA3 55.05 ▼ 0.31% CVCB3 1.37 ▲ 2.24% POSI3 3.86 ▼ 2.28% SLCE3 13.67 ▲ 1.26% NATU3 8.61 ▼ 0.69% BRKM5 6.27 ▼ 2.18% RANI3 8.01 ▲ 0.38% CSNA3 5.17 ▼ 1.34% CMIN3 5.48 ▲ 4.58% USIM5 8.14 ▼ 0.73% GGBR4 24.18 ▼ 0.08% ENEV3 26.32 ▼ 2.34% CPFE3 46.94 ▲ 0.23% CMIG4 11.05 ▼ 0.90% EQTL3 40.01 ▼ 0.79% LREN3 13.83 ▼ 1.91% VIVT3 35.55 ▲ 0.23% RAIL3 14.05 ▼ 0.14% KLABIN 17.55 ▲ 0.92% RAIA DROGASIL 18.62 ▼ 0.27% RDOR3 35.88 ▼ 0.36% HAPV3 10.81 ▼ 1.64% FLRY3 16.39 ▼ 0.73% SMTO3 15.73 ▲ 1.29% UGPA3 31.95 ▲ 2.73% VBBR3 34.48 ▲ 2.16% BBSE3 41.01 ▲ 0.74% BPAC11 56.88 ▼ 0.28% CURY3 32.09 ▼ 1.96% AERI3 2.02 — 0.00% VIVARA 23.34 ▼ 0.77% COMPASS 24.93 ▼ 0.72% VAMOS 3.22 ▲ 3.21% SANB11 26.88 ▼ 0.44% ASAI3 8.53 ▼ 1.50% SBSP3 30.01 ▲ 0.10% WALMEX 49.45 ▼ 0.50% GMEXICO 201.33 ▲ 0.56% FEMSA 225.80 ▲ 1.30% CEMEX 22.95 ▲ 1.46% GFNORTE 180.10 ▼ 1.83% BIMBO 58.65 ▲ 1.96% TELEVISA 9.54 ▼ 0.21% AMX 22.98 ▲ 0.79% GAP 393.07 ▼ 1.01% ASUR 282.28 ▼ 0.42% OMA 233.78 ▼ 0.60% KOF 179.86 ▲ 1.64% GRUMA 285.41 ▲ 1.45% KIMBER 38.72 ▲ 0.16% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,400 ▼ 0.19% GGAL 8,070 ▼ 1.65% PAMPA 5,145 ▼ 1.81% TXAR 668.00 ▼ 0.45% ALUAR 955.50 ▼ 0.42% TGS 9,585 ▼ 1.69% CEPU 2,307 ▼ 1.58% MIRGOR 17,050 ▲ 0.44% COME 45.02 ▼ 1.34% LOMA NEGRA 3,623 ▲ 0.28% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,265 ▼ 1.16% ECOPETROL 15.99 ▲ 0.06% BANCOLOMBIA 79.44 ▼ 2.59% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.96 ▼ 1.82% SOUTHERN COPPER 177.67 ▼ 2.13% BUENAVENTURA 30.16 ▼ 1.79% MERCADOLIBRE 1,850 ▲ 0.35% NUBANK 13.89 ▲ 0.04% XP 16.73 ▼ 0.83% PAGSEGURO 9.19 ▼ 0.27% STONE 11.20 ▼ 0.75% GLOBANT 32.64 ▲ 2.05% TECNOGLASS 47.24 ▲ 3.44% GAP AIRPORT 225.33 ▼ 1.09% ASUR 282.28 ▼ 0.42% OMA AIRPORT 107.18 ▼ 0.67% AMX ADR 26.30 ▲ 0.73% FEMSA ADR 129.28 ▲ 0.39% CEMEX ADR 13.18 ▲ 0.80% PETROBRAS ADR 17.75 ▼ 0.64% VALE ADR 14.31 ▼ 2.45% ITAU ADR 8.37 ▼ 0.93% SANTANDER BR 5.32 ▼ 0.56% AMBEV ADR 3.06 ▲ 0.83% CSN 1.02 ▼ 0.96% GERDAU 4.77 ▼ 0.73% LATAM ADR 54.03 ▼ 1.53% BTC 64,560 ▼ 0.24% ETH 1,877 ▼ 2.07% SOL 76.44 ▼ 1.07% XRP 1.11 ▼ 0.02% BNB 578.46 ▼ 0.28% ADA 0.16 ▼ 1.27% DOGE 0.07 ▼ 0.84% AVAX 6.62 ▼ 1.14% LINK 8.40 ▼ 1.59% DOT 0.85 ▲ 0.42% LTC 45.10 ▼ 0.05% BCH 222.30 ▼ 0.38% TRX 0.32 ▼ 0.34% XLM 0.19 ▲ 1.65% HBAR 0.07 ▲ 0.12% NEAR 2.06 ▼ 0.15% ATOM 1.53 ▼ 1.83% AAVE 92.00 ▼ 4.00% SELIC 14.25% EMBRAER 82.87 ▲ 0.63% EMBRAER ADR 65.10 ▲ 0.31% JBS 12.27 ▲ 1.41% JBS BDR 62.46 ▲ 1.68% MBRF3 15.35 ▼ 0.32% MBRFY 2.99 ▲ 4.18% INTER 5.54 ▼ 1.42%
since 2009
Thursday, July 16, 2026

How a Serbian Drug Case Toppled Ecuador’s Judiciary Chief

By · February 19, 2026 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

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)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

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

The full timeline: from the 30% security tariff in January to 100% trade war, border bombings, CAN collapse, and what the May 31 election means for both countries.

Read the Complete Guide →

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.