Businessman Charged With $250M PDVSA Bribery Scheme

By Dave Simpson (August 4, 2021, 9:50 PM EDT) -- A Miami businessman was arrested in Florida and charged Wednesday with bribing Venezuelan officials in exchange for $250 million worth of contracts from state-controlled energy company Petroleos de Venezuela SA and state-controlled food company Corporacion de Abastecimiento y Servicios Agricola, or CASA.

Syrian national Naman Wakil conspired with others from 2010 through 2017 to bribe Corporacion de Abastecimiento y Servicios Agricola, or CASA, officials and officials at joint ventures between Petroleos de Venezuela SA, or PDVSA, and various foreign companies in Venezuela's oil belt, according to the U.S. Department of Justice.

"Wakil allegedly paid these bribes to obtain at least $250 million...

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