Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time and effort. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, pls have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here, exhibit Bloomberg here, exhibit OCCRP here). To all readers: do the right thing, the honest thing, support independent investigative journalism. 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. 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. Note added 12/06/2026: infodio.com has not created mirror websites / domains and remains totally independent and unrelated to others. Beware of websites using our brand.
Colombia's Attorney General's Office announced yesterday morning that it was seizing and freezing seven properties that belong to Alex Saab. Located in Barranquilla (Saab's former base before his rag to billionaire status thanks to chavismo) the lot is valued at around $9.7 million (USD).
A tweet related to news about Raul Gorrin giving $500,000 to Lilian Tintori has apparently riled Gonzalo Morales Divo, a Venezuelan "restaurateur" and Miami resident with past associations to Ronald Morett and drug trafficking.
Internal documents from PDVSA's SAP system seen by this site corroborate that Proton Sociedad Limitada and Schlager Business Group, the subsidiary of Libre Abordo, are used interchangeably by Alex Saab in crude lifting operations in Venezuela. The system also shows Libre Abordo and other shells controlled by Saab are under prepayment terms. It is not the first time PDVSA imposes such terms on its trading operations.
Further to yesterday's report regarding Libre Abordo, its "bankruptcy" and Venezuela's announcement to take its case to the Intternational Criminal Court (ICC), this site can confirm that far from being out of business, Libre Abordo and Alex Saab continue to do deals with PDVSA and the Maduro regime through Proton Sociedad Limitada.
A couple days ago Reuters "reported" that Libre Abordo, the dodgy Mexican shell w/out a track record to speak of that entered into a "humanitarian food-for-oil agreement" with Venezuela's CORPOVEX, was "bankrupt." Till end of April, Libre Abordo and its subsidiary Schlager Business Group had lifted over 26MB of PDVSA crude in a period of about six months.
UPDATED 22:19 | The Chinese virus must be affecting Reuters' editorial desks in Brazil and Mexico.
In the latest exhibit of "news" related to Venezuela, Bloomberg took a page out of Reuters' plagiarism book and published a report about Libre Abordo, Schlager Group, Grupo JOMADI and PDVSA.
#plagiarism, @reuters style: https://t.co/iuXybw3GdP pic.twitter.com/cWyH5V8SvN
UPDATE 30/05/2020 - In another chapter of the Nynas saga, we learn that Nynässtiftelsen, the new foundation PDVSA proposed to Treasury to complete reorganisation process, is controlled by Bo Askvik, Nynas' CEO. To recap: Nynas called in administrators due to Treasury's sanctions against PDVSA / Nicolas Maduro's regime. Sanctions were blocking Nynas to get out of practical bankruptcy.
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