Message to INFODIO readers: investigative journalism, which is what this site does, takes time. Lots of time. Time is money. Visitors from banks' compliance departments, media, academia, and law enforcement, are encouraged to donate generously to our efforts. Media, lifting stuff from here and reprinting as breaking news, ought to remember how untenable it is to try to beat chronology. To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption.

francisco d'agostino

PDVSA: over $30bn awarded to contractors between 2012–2015

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.

#OpenPDVSA

Read an updated version here. 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.

Otto Reich's RICO lawsuit against Derwick exposes Victor Vargas

Lawyers for Otto Reich in the RICO lawsuit against Derwick Associates (Alejandro Betancourt, Pedro Trebbau and Francisco D'Agostino) claim in latest filing (page 7 below) that D'Agostino (in turn son in law of Bolivarian banker Víctor Vargas of Banco Occidental de Descuento fame) "in exchange for his dismissal from this lawsuit, offered to provide information to Ambassador Reich that would be damning to Betancourt and Trebbau."