HUGE US MONEY LAUNDERING PROBE TARGETS WIDENING CIRCLE OF VENEZUELAN ELITES

The Miami Herald on 26 February reported that, after 2 years, necessary bank records have arrived, due to a major decision to release them by Switzerland’s highest court.  It is alleged that business elites are suspected of paying hefty bribes to government officials in exchange for making loans in bolivars to the national oil company, Petróleos de Venezuela SA, and then receiving repayments in US dollars — with the proceeds washed through the government’s favourable currency-exchange system to magnify profits – and then diverted to secret Swiss bank accounts between 2012 and 2014, according to US authorities.

https://www.miamiherald.com/news/local/article240482546.html

If you’d like to help me buy that (badly needed) new laptop or, even, better a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

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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