Skip to content
October 2, 2023
  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Reddit
  • Telegram
  • TikTok
  • LinkedIn
  • Discord
Orinoco Tribune – News and opinion pieces about Venezuela and beyond

Orinoco Tribune – News and opinion pieces about Venezuela and beyond

From Venezuela and made by Venezuelan Chavistas

Primary Menu
  • News
  • Opinion
  • About us
    • About us
    • Who we are – Becoming a Volunteer
    • Editorial guidelines for contributors
    • Our Sources
      • Venezuelan Sources
      • International Sources
    • Contact us
  • Categories
    • Politics
    • Economy
    • Security and Defense
    • International
      • Africa
      • Asia
      • Europe
      • Oceania
      • US/Canada
    • Latin America and ALBA-TCP
      • South America
      • Central America and the Caribbean (+Mexico)
    • Ideology-Commune-Labor
    • Health-Education-Sport-Culture-Technology
    • Solidarity and Social Movements
    • OT Specials
  • Support Us
Light/Dark Button
YouTube Channel
  • Home
  • News
  • Attorney General informed about new case of import fraud worth millions of US$
  • Economy
  • News

Attorney General informed about new case of import fraud worth millions of US$

November 26, 2018

The Public Ministry (MP) denounced a new case of fraud with currencies granted by the State, through the Foreign Exchange Administration Commission (Cadivi) by four ghost companies and therefore generated a fraud to the nation by the amount of 14 million dollars between 2011 and 2014.

“Today we report on a new case of currency fraud of Cadivi involving four ghost companies that embezzled the country in the amount of 14 million US dollars with fraudulent imports,” said the Attorney General of the Republic, Tarek William Saab, in statements from the headquarters of the MP, in Caracas.

He indicated that it is about Corporación Gustavo La Chica 2009; Produquiven; Comercializadora C & C and Inversiones SELR 150 that allegedly were created for the import fraud.

These companies allegedly made imports of fertilizers and agricultural machinery between 2011 and 2014, which would result in fraudulent transactions due to the fact that the imported products were waste and scrap.

In the detail of the investigation, the Attorney General reported that the aforementioned companies did not have a tax office and had no connection to agricultural activity. Also, “the margins of overvaluation of products exceed 1,000%,” he said.

The investigation carried out by the 74º National Prosecutor’s Office, together with the National Police against Corruption, revealed that two of the main partners of these business groups are linked to the commercialization of illegal drugs, “among them the so-called cocaine rosa or “cocaine for rich people”, with a cost equivalent to $ 100 per gram, “he explained.

Therefore, the MP requested an arrest warrant against Gustavo La Chica, Humberto Pinzón and Rafael Matos, shareholders of Corporación Gustavo La Chica 2009 C.A.

The inquiries showed that the owners and shareholders of the three companies are related to each other and have 22 other companies, so that until now there have been 29 raids on different legal companies, as well as “the blocking of their bank accounts and assurance of movable and immovable property, “he explained.

Therefore, the citizens Rafael Motos, Yaburi Gómez and María Elena Vallenilla, shareholders of Produquiven CA, and Jorge Echenagucia and Willian Rojas shareholders of the company Comercializadora C & C CA, were also implicated in these irregular facts. Apprehension was requested by the Public Ministry.

The aforementioned persons will be charged for the crimes of fraudulent request of US Dollars, legitimacy of capital and conspiracy, while reporting that the MP appointed the 27th National Prosecutor with competence in the field of drugs, to investigate the connection of these people with the trafficking of illegal drugs.

Source URL

Don't want to be a victim of the Algorithm?

SIGN UP TO RECEIVE OUR WEEKLY DIGEST WITH ALL YOU NEED TO KNOW ABOUT VENEZUELA AND BEYOND

We don’t spam! Read our privacy policy for more info.

orinocotribune
Website | + posts
  • orinocotribune
    https://orinocotribune.com/author/orinocotribune/
    Poster for Orinoco Tribune's special interview with US academic Steve Ellner. Photo: Orinoco Tribune.
    October 1, 2023
    US Academic Steve Ellner: Venezuela Needs More Checks and Balances to Fight Corruption and Abuse of Power
  • orinocotribune
    https://orinocotribune.com/author/orinocotribune/
    Palestinian President Mahmud Abbas (left) receiving the credentials of Nayef al-Sudairi(right), Saudi Arabia's non-resident ambassador to Palestine. Photo: Thaer Ghanaim/PPO/AFP.
    October 1, 2023
    Saudi Arabia is Trying to Pacify Palestinians While Opening the Gates of Normalization With Israel
  • orinocotribune
    https://orinocotribune.com/author/orinocotribune/
    CNE President Elvis Amoroso giving statements to the press, accompanied by Jesús María Casal, head of the opposition CNP. Photo: Contrapunto.
    September 30, 2023
    Venezuela's Electoral Authority Proposes to Assist and Postpone Opposition Primaries
  • orinocotribune
    https://orinocotribune.com/author/orinocotribune/
    Venezuelan President Nicolás Maduro in a Movistal (formerly Telefonica) booth next to a telecom executive, watching a robotic dog exhibition during the FITELVEN Fair this Wednesday, September 27, 2023. Photo: Presidential Press.
    September 29, 2023
    Venezuela Approves Incentives to Strengthen Telecommunications Following Bad Service Complaints
Tags: Attorney General CADIVI Corruption Drugs News

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Continue Reading

Previous Previous post:

Russia condemns new sanctions imposed by the US

Next Next post:

Ecuador: Students protest against cuts in Education

Subscribe to Weekly Digest

We keep your data private and share your data only with third parties that make this service possible. Read our Privacy Policy.

Check your inbox or spam folder to confirm your subscription.

NEWS: MOST POPULAR

Calendar

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

Categories

OPINION: MOST POPULAR

We are on Telegram


Receive our news directly in your cell phone or PC, join us on our TELEGRAM channel.

 

We are on Discord


Join our Discord server to check our content without algorithms and to interact directly with our team.

The original content by Orinoco Tribune is free to share and it is licensed under CC BY 4.0

We are on Reddit

If you are more into REDDIT, join our Orinoco Tribune subreddit.

  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Reddit
  • Telegram
  • TikTok
  • LinkedIn
  • Discord
Copyleft, No rights reserved.

W E    N E E D    Y O U R    S U P P O R T

Orinoco Tribune operates without any advertising. We are not funded by any governments, think tanks, or large institutions. Our operations are entirely funded by readers like you. Our most generous donors have been targeted by the US for supporting socialist causes or are financially struggling. As a result, their accounts have been frozen, cutting off a significant revenue stream and severely threatening the sustainability of Orinoco Tribune.

We urge our readers and supporters, especially those not currently doing so, to help us with small donation (such as US $5 or $10/month) via Patreon, via Paypal/Credit-Card/crypto or via paper checks. Readers and supporters like you will allow us to continue bringing you progressive and hard-hitting news from Latin America, the Global South, and the world.

Help us reach our goal of $650 in monthly Patreon donations. We are counting on you as our only source of financial support!