Five More Charged in Houston in PDVSA Bribery Case

No Comment 34 Views

Federal charges were unsealed Monday against five former Venezuelan government officials for their alleged role in an international money laundering effort involving bribes to secure energy contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A.

It is part of a larger, ongoing investigation by the U.S. government into bribery at PDVSA that has, to date, brought charges against 15 individuals.

The five indicted Monday, including former officials of PDVSA and the Venezuelan government were known as the “management team” and wielded significant influence within the Venezuelan energy company, according to the indictment.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions