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December 2017

PDVSA's Eudomario Carruyo got $28 million bribe from Rafael Ramirez's cousin

Information about Banca Privada D'Andorra (BPA), a "primary money laundering concern" according to U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), continues to be published. The latest shows how BPA Serveis (chaired by Higini Cierco) was instructed by Eudomario Carruyo, Petroleos de Venezuela's VP Finance, to create a Panamanian shell corporation to get bribes.

Derwick Associates paid bribes to Nervis Villalobos through Banca Privada D'Andorra

Evidence has emerged that Derwick Associates paid bribes to Nervis Villalobos through Banca Privada D'Andorra. A "Consulting and Advisory Services Agreement" between Derwick Associates Corp. and INGESPRE (Nervis Villalobos' vehicle) was entered by the parties on 14 January 2010. The contract's recitals imply that Derwick Associates is a foreign concern "which does have an office in Venezuela and wishes to do further business there".