"We are a transparent company and have nothing to hide" said Adam Kaufmann, former New York DA's chief investigator, to the Wall Street Journal in relation to probes that his former office and other Federal Agencies have launched against his client Derwick Associates. A transparent company does not need an army of lawyers and spin doctors to obscure every single operational aspect, but perhaps transparency has a different meaning in Derwick's world. In any case, Derwick has been caught lying repeatedly, and it seems that evidence of another lie has just emerged.
Alek Boyd's blog
Money. That was the first game that Miguel Angel Capriles Lopez asked his father for, when he was gifted his first electronic gadget. Miguel Angel Capriles Lopez (aka Michu) is, quite possibly, the most powerful Venezuelan you never heard of.
A tweet alerted me yesterday to the latest on the Otto Reich lawsuit against Derwick Associates in New York. District Judge Paul Oetken on 18 of August dismissed "Claims I and II (RICO) and VII (civil conspiracy)." And added in his conclusions: "Defendant D’Agostino’s motion for leave to file a sur-reply (Docket No. 57) is granted. The parties shall confer on the appropriate scope and schedule for jurisdictional discovery and submit a joint letter to the Court with a proposed schedule on or before September 12, 2014."
Finally, a major publication like the Wall Street Journal picked up on the gargantuan corruption racket that Derwick Associates has been involved in in Venezuela. In "Venezuelan Energy Company Investigated in U.S.
Derwick Associates Is Probed by U.S., New York Agencies for Possible Bribery, Banking Violations", the WSJ goes to town on some of the issues readers of this blog have been aware of for quite some time:
Insistent rumours had been making the rounds for some time about the alleged sale of El Universal, Venezuela's oldest and last standing independent newspaper. The sale, for an alleged €90 million, was confirmed this week. The new director is meant to be Jesús Abreu Anselmi, an obscure individual with a rather interesting past link to Gustavo Gomez Lopez's Banco Latino and, more recently, to turncoat -and former Gomez Lopez partner- Gustavo Cisneros.
It was only a matter of time, really. For those that haven't been following the latest chavista announcement about a "plot to kill" Venezuela's President Nicolas Maduro, here's a video of the proceedings (there are many more):
Perhaps the best sign that things aren't going well in Venezuela is the sudden decision of powerful Boligarchs to flee the one place to which they owe their riches. In the last few months, we have learned about Juan Carlos Escotet's one billion-Euro bid and subsequent acquisition of Novagalicia in Spain.
Brazilians are meant to be incensed with Dilma Roussef for what they perceive as squandering public money and corruption in contracting construction companies for infrastructure projects related to the coming World Cup. The big winners are privately-held companies, among which Odebrecht, the one that has benefited the most according to Bloomberg. While I can't tell whether Odebrecht won those contracts from Roussef's government in open and legitimate bidding processes, as it should have, it is worth shedding some light on Odebrecht's operations in Venezuela.