VENEZUELAN EX-OFFICIALS CHARGED IN ANDORRA OVER $2.3 BILLION GRAFT SCHEME

The BBC reported on 13th September that a judge in Andorra has charged 29 Venezuelans with corruption – among them 2 former deputy ministers.  Prosecutors allege that they were part of a network of corrupt officials who received $2.3 billion in bribes from companies in return for lucrative contracts with Venezuela’s state-run oil company, PDVSA, and they allegedly hid the money in the Banca Privada d’Andorra (BPA) bank – which was closed after it was named as a “primary money-laundering concern”.  Those charged includes Diego Salazar, the cousin of former oil minister Rafael Ramírez, as well as 2 men who served as deputy energy ministers in the government of Hugo Chávez – Nervis Villalobos and Javier Alvarado.

https://www.bbc.co.uk/news/world-latin-america-45507588?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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