Venezuela's PDVSA Sues Oil Traders Over Corruption Scheme

[Petar + 76]

According to their lawyer, Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value. The lawsuit accuses a small Miami-based company called Helsinge Inc of obtaining inside information and rigging bid proceedings by bribing PDVSA officials including current Vice President Ysmel Serrano in a scheme that yielded billions of dollars in illicit gains.

[damirUSBiH + 327]

Is there someone more corrupt than Maduro?

[Rodent + 1,424]

4 hours ago, damirUSBiH said:

Is there someone more corrupt than Maduro?

HAHAHAHAHAHAHA         no.

[Mauricio Machado + 28]

On 3/9/2018 at 9:05 AM, Petar said:

According to their lawyer, Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value. The lawsuit accuses a small Miami-based company called Helsinge Inc of obtaining inside information and rigging bid proceedings by bribing PDVSA officials including current Vice President Ysmel Serrano in a scheme that yielded billions of dollars in illicit gains.

Helsinge Holdings LLC is the works of a group of people who in Venezuela were the directors of an advertising agency. One of their clients was CANTV (like the ATT in our country only that it's owned by the state). They started this company back in '09, dissolved in '10 and then reinstated in '15 which is about a year after Maduro took power officially. They've been running the scheme up until today. My best guess is they are collateral damage of the power clash that's taking place right now. Just another example of what it's like to have drug dealers in government.