Venezuela: Guilty Plea Entered in PdVSA Corruption Investigation

A former procurement officer at a Petróleos de Venezuela SA subsidiary has pleaded guilty to an alleged role in a bribery scheme and a former Citgo manager has been indicted on money-laundering charges in the latest developments in a sprawling U.S. probe into alleged corruption at Venezuela’s state-owned energy company.

Lennys Rangel, previously head of procurement at Petrocedeno SA, a PdVSA joint venture with two European oil companies, was accused of conspiring to launder millions in bribe payments through the U.S., including by purchasing a condominium in Miami, according to a complaint filed by prosecutors in the U.S. District Court for the Southern District of Florida.

Ms. Rangel pleaded guilty to a count of conspiracy to commit an offense against the U.S., according to a plea agreement filed last week.

The original full article can be found at wsj.com

(Photo: Reuters)

 

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