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 this site's former editor's full name, and a fake email address (alek.boyd.arregui@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.

Latest

Venezuela to take Alex Saab / Libre Abordo "bankruptcy" case to ICC

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 - New foundation Nynässtiftelsen under OFAC's Venezuela sanctions remit

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.

Bye CITGO

Couple of rulings this week, one by the U.S. Supreme Court and another by a Delaware judge, have set the stage for the permanent loss of CITGO, the most important overseas asset Venezuela had left. The rulings side with Crystallex in its attempt to enforce a $1.4 billion judgement due to expropriation of its Venezuela assets by Hugo Chavez.

Trump should drop Guaido

Check this out: after picking Juan Guaido, the Trump administration placed a bunch of sanctions on Venezuela / PDVSA. Said sanctions regime put the fear of god on a number of international energy players that ended up leaving the scene. The objective was to remove Nicolas Maduro, but the riskier it got for established companies to engage in business with Venezuela / PDVSA, the faster the void was filled by nimble shells run by thugs eager to cash in.