United States: U.S. prosecutors charge PDVSA contractor with money laundering

U.S. prosecutors have charged a Venezuelan oilfield contractor with money laundering for bribing officials at state oil company Petroleos de Venezuela to win overpriced contracts, and then seeking to hide the proceeds in the United States.

The charges are the latest in a U.S. investigation of corruption at PDVSA, a once prolific company whose crude output has plunged in recent years due to mismanagement and pilfering of funds, contributing to Venezuela’s humanitarian crisis.

In a complaint filed on Friday, federal prosecutors in the Southern District of Florida said Leonardo Santilli received nearly $150 million from PDVSA-controlled joint ventures with foreign companies in the Orinoco belt between 2014 and 2017 for contracts to supply equipment.

The full original article can be found at reuters.com

(Photo: Reuters)

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