Ecuador court upholds preventive detention for ex-mayor in money laundering case

An Ecuadorian court upheld preventive detention for former Camilo Ponce Enríquez mayor Baldor Bermeo and four co-defendants in a money laundering investigation. The case centers on allegedly unjustified economic activities by Bermeo and his family. This is a routine judicial development in an ongoing case, with no immediate market or geopolitical implications.