The state of play in the alleged transfer, by Venezuela's Central Bank (BCV) of a sovereign bond, worth $2 billion, to Kellmar Ltd and Tony Caplin, is the following.
Alek Boyd's blog
Daniel writes in to say that I should provide a bit of an explanation for why this should be a scandal. I guess that the reason would be that it is simply not normal for a Central Bank, to transfer free and clear, ownership of a sovereign bond, worth $2 billion, to a recently formed limited company with a share capital of £2,000, managed by an individual (Tony Caplin) who appears as inactive in the Financial Services Authority register.
Congressman Carlos Ramos is now turning his attention to Frank Williams' F1 team. PDVSA, the Venezuelan oil State conglomerate, is sponsoring the Williams F1 team. No one in Venezuela -apart from a handful of chavistas- knows how many millions have PDVSA promised and disbursed to Williams F1 team. In any case, according to Venezuelan legislation, no public monies can be committed to any such projects without the approval of the Venezuelan Congress.
The letter from Congressman Carlos Ramos to Isabelle Marand, VP Corporate Coomunications at Gemalto, was delivered to her office in 6 Rue de la Verreine, Meudon, in France, on 7 November 2011, according to La Poste:
Fortunately, somebody in Venezuela is paying attention to the investigations carried out in this blog. The letter below, from Congressman Carlos Ramos (same one who made public the $29 billion hole in FONDEN), addresses some of the issues about the contract between Gemalto and a dodgy Cuban intermediary without track record, for the provision of electronic IDs to Venezuela.
One can see them around. They are unmissable. For all their designer jeans, cool shirts, buckle shoes, limited-production watches, matte or white cars and bespoke perfumes, they can't fool anyone. A characteristic tackiness gives them away. Russians, Africans, above all Arabs, Latin-Americans, to a lesser extent Europeans, they are either the architects of tyranny, or its offsprings. Mayfair, Chelsea, Knightsbridge, Belgravia... London's most expensive areas are their playground.
US embassy cable - 10CARACAS233
E.O. 12958: DECL: 01/12/2017
TAGS: EPET, ENRG, EINV, ECON, VE
SUBJECT: OIL TRADING: SKELETONS IN PDVSA\'S CLOSET
REF: A. 2006 CARACAS 3224
B. CARACAS 183 AND PREVIOUS
Classified By: Acting Economic Counselor Shawn E. Flatt for Reason 1.4
In another twist in the ongoing saga of Hugo Chavez ceding sovereign matters to Cuba, El Nacional reported on 17 July that the new electronic IDs will be handled by a branch of a Cuban "technology" university, called ALBET, which in turn has subcontracted Dutch multinational Gemalto's 100% owned Mexican subsidiary -to the tune of $40,500,000- for the provision of 6 million e-IDs.
Venezuelan website La Patilla has published the contract between PDVSA and Williams F1 team (see below), so that chavista Pastor Maldonado could compete in F1. I declare that I am not an expert in these kinds of contracts, but it seems to me that the contract is incredibly slanted in Williams team favour.
Yesterday's news is that Hugo Chavez has gone into some kind of secret agreement with Iran, to build, purportedly, a missile facility out in Paraguaná, an isthmus that sits in front of the Dutch Antilles.
It is rather difficult sometimes to make sense of warfare and political issues in far away lands, though it's always possible to draw parallels with similar historical events in other countries. People in the UK are well acquainted with IRA's form of doing politics: bombings and assassinations targeting innocent civilians, extortions, assaults, in sum, terrorism. So try and picture this for an instant: information pertaining operations, communications, international networks and funds sources belonging to an IRA top commander has been recovered by MI5, in a stint operation in Ireland.
Right on cue, after my article about Juan Manuel Santos being an accomplice of the FARC, the international Institute for Strategic Studies (IISS) will launch the dossier "The FARC Files: Venezuela, Ecuador and the Secret Archive of 'Raúl Reyes'" in a few days time, here in London.
Since the assassination of Jorge Eliécer Gaitán, in 1948, Colombia has been suffering from an internal armed conflict. Historically, communist guerrilla movements -such as Colombia's Revolutionary Armed Forces or FARC- have exerted control over much territory, at one point controlling an area that extended to 40% of Colombia. The BBC, not the most objective source of information on issues that expose communism, has reported that 4.6 million people have been displaced in Colombia, due to the conflict between guerrillas and security forces.