The Traderszone Network

Published in TZ Latest News 24 December, 2015 by The TZ Newswire Staff

U.S. says $1 billion linked to Venezuelan energy corruption scheme

The details came a day after the U.S. Justice Department confirmed that authorities had arrested Roberto Rincon, a Venezuelan citizen who is president of Texas-based Tradequip Services & Marine. According to an indictment made public on Monday, Rincon and Venezuelan businessman Abraham Jose Shiera Bastidas conspired to pay bribes to officials to secure contracts from Petroleos de Venezuela S.A. (PDVSA), Venezuela’s state-owned oil company.