Region: Venezuela

Oil contractor granted bail following bribery guilty plea

26 May 2016

Swiss bank records given to SDNY in corruption probe

24 March 2016

Former DAP executive sentenced to imprisonment for bribery

Tomas Alberto Clarke Bethancourt, the former managing partner of US brokerage firm Direct Access Partners, was sentenced to two years in prison on 9 December for passing kickbacks on to a senior official of Venezuela’s state-owned development bank, Banco de Desarrollo Económico y Social de Venezuela, in exchange for business, GIR Just Anti-Corruption reports.

10 December 2015

US companies worried by bribery probe into Venezuelan state oil company

US oil and gas companies, which have been winning more contracts in Venezuela since 2013, are worried about the continuing investigation by US authorities into corruption at Venezuela’s state oil company Petróleos de Venezuela (PdVSA), according to reports.

27 October 2015

US authorities investigating corruption allegations at Venezuelan state oil company

US federal prosecutors are investigating corruption allegations at Venezuelan state-owned oil company Petróleos de Venezuela, according to The Wall Street Journal.

22 October 2015

Whistleblower sues Teva under Dodd-Frank anti-retaliation rules

Teva Pharmaceutical’s former associate director Keisha Hall is suing the Israeli company for unfair dismissal because she claims she was sacked for cooperating with SEC and DoJ investigations.

30 July 2015

Venezuela makes PDVSA-linked corruption arrests

Venezuelan intelligence officials have arrested the production boss of state-owned oil company PDVSA. He is thought to be the sibling of an oil ministry employee arrested one week earlier.

03 February 2015

Former DAP execs plead guilty in Venezuela bribery case

Two former Direct Access Partners have pleaded guilty to a foreign bribery-related offence in a Manhattan federal court on Wednesday.

18 December 2014

DoJ expects more cooperation between US and Latin American enforcers

Cooperation between US and Latin American law enforcers will continue to increase according to James Koukios, senior deputy chief of the fraud section in the criminal division of the US Department of Justice, who urged companies to cooperate with authorities.

22 October 2014

DoJ points to sectors most vulnerable to corruption in LatAm

Evidence from investigations around Latin America suggests that the extractive, utilities and health sectors are among those most vulnerable to corruption, says James Koukios, senior deputy chief of the fraud section in the criminal division of the US Department of Justice.

17 October 2014

Get unlimited access to all Global Investigations Review content