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.

Venezuela's Congress to investigate Williams F1 and PDVSA contract

13 años ago By Alek Boyd

UPDATE 16 NOV 2011: Venezuela: Congressman Carlos Ramos questions Williams F1

At last, some good news coming out of Venezuela. Local news source Noticias24 reports today that Congress' audit commission is demanding a copy of the sponsorship contract between Frank Williams F1 team and PDVSA. I am very glad to hear this, as it comes in the back of a previous exchange I had with Claire Williams, Head of Communications & Investor Relations for the Williams team, about a copy of the contract, allegedly worth between £110 millions and £154 millions, signed between PDVSA and Williams.

Upon receiving a point blank refusal to discuss the issue from Ms Williams, I sent communication to Ramon Jose Medina, international relations coordinator of Venezuela's opposition unity umbrella group MUD, who replied saying that he would pass my request for an investigation to relevant members of Congress. It is worth bearing in mind that, according to Venezuelan legislation, expenditure of public funds has to be approved by Congress. As far as we know, the contract between PDVSA and Williams F1 was never approved, and it is therefore illegal.

Copyright © 2018, INFODIO. All rights reserved.