The Miami Herald on 18th October reported that Spanish police have arrested a former Venezuelan official and an exiled opposition leader’s relative and seized more than 115 properties in a money laundering investigation into a ring that allegedly bought real estate in Spain with illicit funds from Venezuela.  Amongst those arrested was reportedly Nervis Villalobos, a former Venezuelan deputy energy minister.  He is also sought by the US for his role in a kickbacks-for-contracts scheme that plundered billions of dollars from the Venezuelan state oil company, PDVSA.  he main suspect in the case is a Portuguese businessman, Hugo Gois, being investigated in the US for allegedly laundering more than $1.3 billion obtained through bribes in public contracts, Spanish police said.

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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