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Post by conflict on Jun 22, 2016 5:47:33 GMT 4
On June 16, the DOJ announced
that the owner of several U.S.-based energy companies had pleaded
guilty to bribery charges related to a scheme to corruptly secure energy
contracts from Venezuela’s state-owned oil company. This stems from the
previously reported December 2015 charges against the energy companies’ owner and the owner of an oil-field supply company. According to admissions made by the energy companies’ owner, he
worked with the oil-field supply company’s owner to submit bids for
equipment and services to Venezuela’s state-owned oil company. Beginning
in 2009, the two individuals agreed to pay bribes to purchasing
analysts of the state-owned oil company to ensure that their companies
were placed on the state-owned oil company’s bidding panels, which
enabled the companies to secure lucrative energy contracts. The energy
companies’ owner also admitted to making bribe payments to other
officials of the state-owned oil company to ensure that his companies
were placed on vendor lists approved by the state-owned oil company and
given payment priority over other vendors with outstanding invoices.
www.justice.gov/opa/pr/businessman-pleads-guilty-foreign-bribery-and-tax-charges-connection-venezuela-bribery-scheme
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Post by privateinvestors on Jun 22, 2016 14:04:09 GMT 4
On June 16, the DOJ announced
that the owner of several U.S.-based energy companies had pleaded
guilty to bribery charges related to a scheme to corruptly secure energy
contracts from Venezuela’s state-owned oil company. This stems from the
previously reported December 2015 charges against the energy companies’ owner and the owner of an oil-field supply company. According to admissions made by the energy companies’ owner, he
worked with the oil-field supply company’s owner to submit bids for
equipment and services to Venezuela’s state-owned oil company. Beginning
in 2009, the two individuals agreed to pay bribes to purchasing
analysts of the state-owned oil company to ensure that their companies
were placed on the state-owned oil company’s bidding panels, which
enabled the companies to secure lucrative energy contracts. The energy
companies’ owner also admitted to making bribe payments to other
officials of the state-owned oil company to ensure that his companies
were placed on vendor lists approved by the state-owned oil company and
given payment priority over other vendors with outstanding invoices.
www.justice.gov/opa/pr/businessman-pleads-guilty-foreign-bribery-and-tax-charges-connection-venezuela-bribery-scheme
Unfortunately, If you do not pay a "bribe" you will not do business in Venezuela, Mexico, Peru, Guatemala, Argentina, China, etcetera etcetera. The ex-President of PdVSA made it a rule. Now you know how he made the millions of USD that he pocketed during his administration. |
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