Ex-Venezuelan Ambassador Accuses Energy Execs Of Bribery

Law360, Washington (July 31, 2013, 6:38 PM EDT) -- A former U.S. ambassador launched a suit in New York federal court Tuesday claiming three executives of the energy services firm Derwick Associates Corp. amassed approximately $1 billion in Venezuelan energy construction contracts by paying illegal kickbacks to government officials.

Otto Reich, who previously served as the U.S ambassador to Venezuela, alleged Leopoldo Alejandro Betancourt Lopez, Pedro Jose Trebbau Lopez and Francisco D'Agostino Casado offered Venezuelan officials “multimillion-dollar kickbacks” to secure lucrative contracts to construct power plants in the country, and siphoned millions off the agreements...
To view the full article, register now.