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derwick-associates by dm_5228661b7e55f
UPDATE, September 9, 2013, 2:10 EDT: Dailymotion has removed the video above, after receiving a copyright infringement notice, presumably sent by agents / lawyers acting on behalf of Derwick Associates.
Derwick Associates, the energy company involved in a mega corruption scandal, overcharged the Venezuelan State as much as $2.933 billion according to estimates from energy expert Jose Aguilar. In an interview with INFODIO, Aguilar argued that Derwick Associates is the "tip of the iceberg" in a considerably larger swindle that could have cost Venezuela in excess of $23 billion. Aguilar named names of international corporations taking part in the scheme: Argentina's IMPSA, Spain's IBERDROLA and Duro Felguera, France's Alstom, China's CMEC and Sinohydro, Germany's Ferroostaal, Thailand's TSK, as well as American Waller Marine.
Now that I have had time to go over the lawsuit filed by Otto Reich against Derwick Associates' "ChavezKids" (aka Bolichicos), the first thing that caught my eye was to learn about a chap called Eduardo Travieso, formerly with JP Morgan. I have evidence that Mr Travieso had more than just a professional relationship with Derwick Associates' executives.
Setty is reporting over in Twitter that Otto Reich, former U.S. Secretary of State for Latin America and Ambassador to Venezuela, is suing Derwick Associates for racketeering in the US. The targets are the unlikely trio of Alejandro Betancourt Lopez and Pedro Trebbau, the two principals behind Derwick Associates that are so familiar to visitors of this blog. The third person is Francisco D’Agostino, who is the son-in-law of Boligarch megabanker Victor Vargas from Maracaibo.
Hugo Chavez was a media product. When he got caught in 1992, leading a coup against democratically-elected Carlos Andres Perez, he was allowed to address the nation, live. His call to fellow putschists to depose arms and "por ahora" speech made him a national icon, instantly. Chavez knew, better than any politico in Venezuela, what control of the media meant.
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