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pdvsa us litigation trust

Global Witness clueless about PDVSA's corruption

Global Witness, self styled protector of "human rights and the environment by fearlessly confronting corruption and challenging the systems that enable it", is silent on PDVSA. As in absolutely silent. A search for PDVSA in Global Witness site returns one (1) result. Since 1993, which is when Global Witness claims to have started, nothing has been done regarding PDVSA's corruption, one that can very easily engulf all other corruption campaigns Global Witness has ever done put together.

Miami court recommends dismissal of PDVSA Litigation Trust claim

Yesterday afternoon documents were filed in the docket of PDVSA US Litigation Trust v Lukoil, Helsinge, Glencore, Trafigura et al. Judge Alicia M. Otazo-Reyes concluded that David Boies / PDVSA Litigation Trust had no standing, that Boies "failed to support that it holds a valid assignment from PDVSA", and that Litigation Trust's formation was invalid as per current Venezuelan law. Pretty damning stuff (see pdf below). That was to be expected, of course.

David Boies wants details of PDVSA Litigation Trust hidden

Petroleos de Venezuela (PDVSA), lest our American friends forget, is the principal engine of whatever is left of Venezuela's economy. It has always been thus. Whatever happens with / to PDVSA, is a matter of great significance to / for Venezuela and its citizens. PDVSA launched in Florida and Switzerland competing fraud claims -against Glencore, Trafigura, Vitol, Lukoil, etc.- in what its legal counsel presented as one of the largest corruption schemes to hit the energy giant. A scheme that, allegedly, lasted years and cost the company billions in losses.

INFODIO leaks disprove PDVSA Litigation Trust

Not a lot to add really. David Boies lied argued in different court hearings that Venezuela's interim Attorney General, Reinaldo Muñoz Pedroza, and PDVSA's legal counsel Hilda Cabeza, could not travel outside of Venezuela to be deposed, on specific orders from President Nicolas Maduro. Folks within Venezuela's Immigration Office leaked travel logs proving otherwise.