PLEASE READ UPDATE ADDED 03/04/2017 BELOW - It has become a custom. Unsupported information leaked to this site ends up being confirmed by official evidence. The latest puts to rest an extraordinary claim: that Derwick Oil & Gas was actually a silent partner of Russia's Gazprombank Latin America Ventures B.V. in its dealings with Petroleos de Venezuela (PDVSA).
Alek Boyd's blog
This post, intended for this site, originally appeared in my blog due to crippling DDoS attack. Do read updates about Rosneft at end of post. It was busy last week. As I was chatting to a source in Caracas last Monday, I noticed that this site was down.
UPDATED - Before getting to Fusion GPS associations to Venezuela, let me just say that that country is, by far, Latin America's most corrupt. Its president, Nicolas Maduro, has the unique distinction of being the "individual who has done the most in the world to advance organized criminal activity and corruption" according to the Organized Crime and Corruption Reporting Project (OCCRP).
For the past three/four weeks I’ve noticed a spike in Google searches for corruption-related Venezuelan names and PDVSA. Some of the world’s biggest and best known banks and accounting firms seem all too keen, suddenly, of finding out what’s going in Venezuela. It could well be related to PDVSA’s announcement of a $7 billion bond swap. But it could also be due to some persistent rumours about impending legal cases against PDVSA that could all but obliterate the company’s ability to meet its current international financial obligations, let alone future ones.
Further to Bloomberg's reporting that Swiss authorities are collaborating with U.S. Attorney Preet Bharara's corruption probe into PDVSA and Derwick Associates, I posted an open letter, enclosed below.
Upon posting the latest bit of research on Luis Oberto’s real estate activities through proxies in St Barths, a request for comment was sent to Bruno Magras, President of St Barths’ Territorial Council (effectively the island’s government). Monsieur le Président did reply, with the following message (bold added):
Petróleos de Venezuela, or PDVSA as it is commonly referred to, is an oil conglomerate fully owned by the Venezuelan State. Despite much propaganda to the contrary, it was created in 1976, by then President Carlos Andres Pérez, as part of a nationalization policy drive that gave Venezuela full control of exploration, production and commercialization of its natural resources.