Monday, October 26, 2015

New US Corruption Probe Targets Venezuelan Company With Connections To RFK, Jr.

The U.S. government has launched a series of corruption probes into Venezuela’s state-owned oil company that has strong ties to a charity group run by liberal elite Robert Kennedy, Jr.  U.S. investigators are looking into Venezuelan officials are using Petróleos de Venezuela (PdVSA) to “loot billions of dollars from the country through kickbacks and other schemes,” according to The Wall Street Journal. The probe is also “attempting to determine whether PdVSA and its foreign bank accounts were used for other illegal purposes, including black-market currency schemes and laundering drug money,” sources told The WSJ. This may not be good news for Citizens Energy Corporation, a charity run by Robert F. Kennedy, Jr. that’s been getting cheap oil from a PdVSA subsidiary. CEC uses financial returns from commercial investments, including in third-world oil companies, to give free or discounted heating oil and other services to poor families across America.CEC says that in the last nine years Citgo has provided $500 million in heating assistance to 2 million families in 16 states.  Kennedy, a former House Democrat and a rabid environmental activist, has defended his decision to get Venezuelan oil from critics in the past...more

No comments: