Arrest of Colombian businessman may spell trouble for Turkey, Venezuela

Mulberry Proje Yatirim, established in Istanbul in 2017 by Saab’s partners, has allegedly become the intermediary in food imports by purchasing goods from Turkey on behalf of Venezuelan clients and selling them in Venezuela.In July 2019, the U.S. Treasury imposed sanctions on Mulberry for its involvement in Saab’s sophisticated network that allegedly laundered millions of dollars in profits from overvalued contracts linked to Venezuela’s food subsidy program. Saab seems to be ultimately behind the joint ventures, which were established in 2018 between Venezuela and Turkey. By İmdat Öner. Full Text -> Ahval

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