The accused paid millions of dollars in bribes to high-ranking Venezuelan officials in exchange for favorable foreign currency loans from PdVSA. A complex network of shell companies and offshore ...

A federal grand jury in Miami returned an indictment charging Raul Gorrin in an alleged scheme to launder funds he obtained from Petróleos de Venezuela S.A, also known as PDVSA, in exchange of ...

Amid Venezuela's strict currency controls before the country’s crisis, he and his network are alleged to be at the center of fake loan agreements with PDVSA. This scheme is said to have diverted ...

A federal grand jury in Miami returned an indictment charging Raul Gorrin in an alleged scheme to launder funds he obtained from Petróleos de Venezuela S.A, also known as PDVSA, in exchange of ...

During his time at the head of state oil firm PDVSA, a company in ruins, he paid off debts, increased barrel production and won the trust of companies such as Exxon, Repsol and ENI, which began to ...

Venezuela’s former oil minister Pedro Tellechea has been arrested over alleged crimes at state-owned energy company PDVSA. He was the second former oil minister detained by government officials ...

ConocoPhillips (COP), the U.S. oil giant, has achieved a significant legal victory in its long-standing battle to recover compensation from Venezuela’s state-owned oil company, PDVSA.

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company. Venezuela's Nicolas Maduro ...

More specifically, the Venezuelan government has stipulated a budget of US$ 14.7 billion for this year, of which US$ 9.34 billion should come from PDVSA—up 14% on 2022.