EL SALVADOR’S PRESIDENT BUKELE (AND PANAMA) LINKED TO VENEZUELAN MONEY LAUNDERING SCHEME

On 24 September, Insight Crime carried an article saying that a new report claimed that public officials and private individuals close to the president of El Salvador, Nayib Bukele, have been linked to a massive money laundering scheme involving Venezuelan state oil company PDVSA.  It is said to involve Alba Petróleos, a PDVSA subsidiary in El Salvador and part of a massive money laundering scheme carried out in Venezuela, El Salvador, the US and Panama, among other countries. The article claims that Alba Petróleos sent huge sums to bank accounts in Panama, Switzerland, Gibraltar, Luxembourg and Russia, with transactions being passed off as debts acquired by Panamanian companies and corporations based in Miami.

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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