Ecuador's latest prison riot leaves at least 43 dead
May 10, 2022, 6:36 am

Ecuador's latest prison riot leaves at least 43 dead

Relatives of inmates pleads to a police officer outside the riot-hit Santo Domingo de los Tsachilas prison in Ecuador on May 9, 2022. (REUTERS/Johanna Alarcon)

The Swiss Info reported, citing Reuters, the Ecuadorean government said that dozens of inmates were killed during a riot early on Monday (May 9) as rival gangs clashed in a jail in the city of Santo Domingo. This comes as the latest episode of prison violence that has rocked the South American country.

One hundred and eight prisoners remain at large and 112 have been recaptured, Interior Minister Patricio Carrillo told reporters. Authorities said the riot broke out after a gang leader was transferred to Santo Domingo's Bellavista prison following a court order, which may have caused unrest among prisoners.

Carrillo said that both the interior ministry and the attorney general's office reported that 43 prisoners had died. Most of them had been stabbed to death.

According to the report, the riot was the latest incident of violence in Ecuadorean prisons, which the government attributes to fights between gangs over control of territory and drug trafficking routes.

A wounded inmate is transferred to an ambulance after a riot outside the Bella Vista prison in Santo Domingo de los Tsachilas, Ecuador, on May 9, 2022. (AFP)

Last year, 316 prisoners died during riots in various prisons across Ecuador.

Police commander Fausto Salinas said, Bellavista prison has now been brought back under control, adding that a security fence was built around the jail's perimeter after prisoners escaped.

Ecuador President declares state of emergency over crime surge

The Inter-American Commission on Human Rights has said the system is blighted by state abandonment and the absence of a comprehensive policy, as well as poor conditions for inmates.

The country's prisons house 35,000 people and are overcrowded at about 15% beyond maximum capacity.

Death toll from floods in Ecuador's capital rises to 22

Conservative President Guillermo Lasso has promised to reduce prison violence through a gang pacification process, early release for prisoners and political and social reforms.

Source: swissinfo

4 students dead and over 70 injured in Bolivia university stampede UK sets out reforms to give low income groups the option to work multiple jobs

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.