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.

April 2018

U.S. Treasury sanctions predate Derwick's €50mn investment in Spain's Hawkers
Alek Boyd Sat, 04/28/2018 - 07:50

Further to sanctions imposed by the U.S. Treasury Office of Foreign Assets Control (OFAC) on Gazprombank Latin America Ventures B.V., a company formed by Boris Ivanov of GPB Global Resources B.V. and Francisco Convit and Orlando Alvarado...

UPDATED: Gazprombank - Derwick corruption in Venezuela sets sanctions in Switzerland, U.S.
Alek Boyd Fri, 04/27/2018 - 07:34

Brazil's Estadao reports that Gazprombank set up a money laundering scheme in Switzerland with Derwick Oil & Gas.

Chevron employees arrested in Venezuela have no chance of redress
Alek Boyd Fri, 04/27/2018 - 03:55

Recently, oil related news about Venezuela have focused on the arrest of two Chevron employees. There were scant details about the arrested. Their names and nationalities have been misreported. Carlos Jose Algarra Villegas and Rene Adrian Vasquez Mora are accused of treason, by the chavista regime, for refusing to sign a no-bid contract -with usually highly inflated prices- for PDVSA - Chevron joint venture Petropiar. These two men stand no chance of redress for one simple reason: they're both Venezuelan nationals.

[UPDATED] What are Bill Duker and David Boies doing in Venezuela?
Alek Boyd Wed, 04/25/2018 - 09:14

[Please see UPDATE] Further to PDVSA US Litigation Trust saga, a new name has emerged: Bill Duker.

Odebrecht Gargantuan Corruption in Venezuela
Alek Boyd Fri, 04/20/2018 - 06:08

A batch of official documents related to Odebrecht contracts in Venezuela has been leaked to this site. It is quite the task to recall similar corruption schemes, anywhere on earth. In short, Brazilian Presidents Lula da Silva and Dilma Rousseff, as well as the highest echelons of the ruling Workers Party, acted as pawns in a gargantuan corruption scheme set up by Odebrecht.

Judge questions PDVSA US Litigation Trust standing - Deals with defendant Trafigura continue
Alek Boyd Wed, 04/18/2018 - 04:22

It doesn't get any more brutal than this really, a Florida Judge - U.S. Magistrate Judge Alicia Otazo-Reyes- is questioning the whole legality of PDVSA US Litigation Trust.

 

PDVSA seeks trading partnership with Trafigura despite lawsuit
Alek Boyd Thu, 04/12/2018 - 13:46

Further to recent lawsuit pitting PDVSA against some of world’s largest oil traders, leaked documents show that PDVSA wanted to establish a trading company in Geneva, under a “non-incorporated Joint Trading Venture” with Trafigura, one of the 49 defendants named in PDVSA’s lawsuit.

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