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.
About a month ago, Reliance let it be known that it was to halt diluent exports to Venezuela... from its U.S. based subsidiaries. Before Reliance's announcement, sources had informed this site that Brian Ballard had been retained to lobby in Mukesh Ambani's favour with the Trump administration. Ambani seeks lifting of sanctions, so his business can keep booming at Venezuela's expense.
Via Gotham City we learn of a probe that FINMA, the Swiss financial watchdog, is doing on Julius Baer, one of the boliburgeoisie favourite money laundering banks.
The U.S. Department of the Treasury (bless them) issued fresh sanctions against PDVSA last Friday. A number of tug boats (34) and one oil tanker were added to the list. Targeting the parasitic Cuban dictatorship is paramount to bring an end to chavismo in Venezuela, and there is no better way than disrupting, or altogether stopping, continued transfer of oil to Raul Castro.
$1,305,592,000,000 (please have this number in mind -one trillion, three hundred and five billion, five hundred and ninety-two million dollars- as you read through). Two very charitable chaps from Cleary Gottlieb, Richard J. Cooper and Mark A. Walker, have published a paper on Venezuela's debt, entitled "Venezuela's Restructuring: A Path Forward" (see below with added comments). It is work that shows the kinds of problems a future administration will have to deal with ($191.4 billion debt) in terms of pleasing the country's creditors.
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