Venezuela's Corruption Exposed

Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

July 2021

Catherine Belton v Putin's People
Credit Anna Malpas @malpasanna
Alek Boyd Fri, 07/30/2021 - 06:36

Any journalist, blogger, commentator that has ever been victimised by very powerful thugs and their detestable counsel ought to be following -with great interest- various class actions brought against Catherine Belton in London. The issue at hand is Belton's book, Putin's People, which gives a detailed account of how a bunch of thugs looted Russia -thanks to thug-in-chief Putin and his KGB, becoming oligarchs in the process.

Davidson Kempner becomes Nynas' majority shareholder.

U.S. Treasury sanctions deliver loss of PDVSA asset (Nynas)

3 years ago By Alek Boyd

This site has been critical of U.S. Treasury sanctions towards PDVSA / Venezuela. We have argued that, as implemented, sanctions were akin to a haphazard siege: cut access to main / back entrances, leave all other entry points open. We have reported how, despite sanctions, PDVSA hasn’t stopped trading its crude, assisted by a never ending queue of operators who are not American, i.e. do not have to observe / comply with Treasury sanctions. A lot of money has been made on the back of sanctions.

Bitumina, Largest shareholder of Nynas, files for bankruptcy in London

[UPDATED] Bitumina, largest shareholder of Nynas, files for bankruptcy in London

3 years ago By Alek Boyd

UPDATED 26/07/2021 - A few days ago a source informed this site that Bitumina Industries Limited had filed for bankruptcy in London. We tweeted about it and put the question to the London Gazette, which kindly came back today with corroboration. What this means is that Nynas largest shareholder (Bitumina's 49.9%) is out of the game.

Difficult to reconcile realities benefit Nicolas Maduro
Bill Richardson (Thet Htoo / Associated Press)
Alek Boyd Fri, 07/09/2021 - 06:00

The problem with Venezuela is which of its realities should be prioritised. It is a country "governed" by a group of people who have a fluid stance with a kind of criminality that would make any government subject to rule of law and independence of institutions collapse. Chavismo's relationship with Colombia's narco terrorist groups (FARC, ELN, etc.) is well documented. Hugo Chavez himself was vociferous about his sympathies with the enemies of the Colombian State, and his successor is not different.

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