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Zorro

(15,751 posts)
Wed Dec 7, 2016, 11:13 AM Dec 2016

Venezuela's PDVSA seeks compensation in 'staggering' U.S. bribe case

A unit of Venezuela's state-run oil company PDVSA has asked a U.S. court to order two businessmen to compensate it for carrying out a "staggering" bribery scheme that cost the company $600 million in losses.

A motion filed last Wednesday in federal court in Houston marked the first time PDVSA had formally intervened in the case, part of a U.S. Justice Department investigation into bribery of company officials.

PDVSA subsidiary Bariven SA complained in court papers that prosecutors had ignored their statutory obligation to inform Bariven of its rights as a victim of a scheme by Venezuelan businessmen Roberto Rincon and Abraham Shiera.

Bariven sought restitution from Rincon and Shiera, who have pleaded guilty to charges under the Foreign Corrupt Practices Act.

https://www.yahoo.com/news/venezuelas-pdvsa-seeks-compensation-staggering-u-bribe-case-163908371--finance.html

This should get interesting.

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