15 Dec 2017
At least ten people including former vice-ministers, businessmen, their relatives and front men acting for politicians are suspected of earning more than €2 billion in illegal commissions for facilitating contracts with Venezuelan state oil company PDVSA during the rule of deceased Venezuelan president Hugo Chávez (1993–2013), according to reports compiled by police in Andorra.
A court in the principality of Andorra – a microstate situated between France and Spain – is now investigating suspected money laundering related to those activities.
The money received for the alleged bribes between 2007 and 2012 was paid into the bank Banca Privada d’Andorra (BPA), some 7,400 kilometers from the Venezuelan capital of Caracas. It was concealed in a web of 37 accounts to under name of Panamanian shell companies.
Investigators believe the money was then moved to other tax havens, including Switzerland and Belize.
EL PAÍS has had access to the accounts.
– EL PAÍS
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