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Venezuelan Officials Arrested Amid Corruption Probe

Fraud, Bribery & CorruptionVenezuelan Officials Arrested Amid Corruption Probe

Two top energy officials in Venezuela were arrested, following the detention of a former oil minister, amid an investigation into significant revenue losses at Petroleos de Venezuela SA. Erick Pérez and Juan Santana, vice ministers for oil and gas respectively, were detained on Saturday. This comes after the arrest of Tareck El Aissami, Maduro’s former oil minister, who faces charges of treason and money laundering related to the disappearance of billions in oil proceeds. The Venezuelan oil ministry has not commented on the arrests yet. These developments coincide with the upcoming presidential election on July 28, criticized for unfair conditions and the exclusion of opposition candidate Maria Corina Machado. Maduro, seeking a third term, proposed constitutional reforms allowing life sentences and political bans for corruption and treason convictions. Former finance minister Simon Zerpa and businessman Samark López were also arrested on similar charges. Over 50 individuals, including judges and business leaders, have been detained. The US has signaled its readiness to let a significant oil and gas license expire if Venezuela doesn’t move towards democratic elections.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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