Bribes – Summaries of news and views OnVenezuela https://onvenezuela.com Wed, 21 Jul 2021 14:53:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Bribes – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Bribery Network In Petróleos De Venezuela Paid $30 Million In Andorra To A Company Manager https://onvenezuela.com/bribery-network-in-petroleos-de-venezuela-paid-30-million-in-andorra-to-a-company-manager/?utm_source=rss&utm_medium=rss&utm_campaign=bribery-network-in-petroleos-de-venezuela-paid-30-million-in-andorra-to-a-company-manager Wed, 21 Jul 2021 14:53:08 +0000 https://onvenezuela.com/?p=10385

The network of former Deputy Ministers in the government of Hugo Chávez (1999-2013) investigated the charging of kickbacks to companies for prizes from their country’s main state company, Petróleos de Venezuela SA (PDVSA), and paid $30.6 million. Eudomario Carruyo was this company’s chief financial officer between 2005 and 2011, according to documents he was able to access from EL PAÍS. By Aygen Marsh. Full Text -> AmicoHoops

]]> Venezuela’s CITGO Joins Other Companies And State-Owned Entities Seeking To Claim Victim Status And Restitution In FCPA Cases https://onvenezuela.com/venezuelas-citgo-joins-other-companies-and-state-owned-entities-seeking-to-claim-victim-status-and-restitution-in-fcpa-cases/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-citgo-joins-other-companies-and-state-owned-entities-seeking-to-claim-victim-status-and-restitution-in-fcpa-cases Fri, 05 Jun 2020 14:45:22 +0000 https://onvenezuela.com/?p=3692

In a novel and aggressive move likely aimed at garnering goodwill with federal regulators, Venezuelan state-owned entity CITGO Petroleum Company (“CITGO”) has sued its former agent for harm CITGO alleges was caused by the agent’s payment of bribes to foreign officials. The twist? The bribes were paid to CITGO’s own employees, who are considered foreign officials under the Foreign Corrupt Practices Act of 1977 (“FCPA”). By Michael Hoosier, Brian Howard II, Ephraim (Fry) Wernick. Full Text -> JDSupra

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