Penal Tribunal reduces written sentence of ten years in prison for money laundering for Jezdimir Srdan
Ecuadorian authorities have reduced the written sentence of ten years in prison for Serbian citizen Jezdimir Srdan, convicted of money laundering.
On February 25, 2026, the Special Criminal Courts Tribunal for Corruption and Organized Crime in Ecuador diminished the written sentence imposed on Serbian national Jezdimir Srdan for money laundering to ten years in prison. This decision followed the tribunal's request for necessary guarantees from the Judicial Council due to threats received from Srdan. The judges Carlos Serrano and Christian Fierro presided over the case, which also included sentences for three other individuals and resulted in the dissolution of businesses linked to the crime.
The tribunal's rulings mandated not only the prison time for Srdan but also imposed accessory penalties in the form of fines, amounting to three times the laundered amount, and the seizure of all assets acquired with illicit funds. Srdan, who has been incarcerated at the Encuentro Prison since his arrest on November 20, 2024, was one of four individuals sentenced in this case which highlights the ongoing challenge of combating financial crimes in Ecuador. The implications are significant, emphasizing the legal system's responsiveness to corruption and organized crime.
The case is particularly notable as it sheds light on the complexity of money laundering operations and the judicial efforts to dismantle such networks within Ecuador. The narrative of organized crime in the region is evolving, and the penalties imposed serve as a deterrent to others involved in similar illegal activities. With growing attention on international money laundering cases, the proceedings against Srdan may influence future policies and enforcement strategies against financial crimes in Ecuador and beyond.