Latest News

Venezuelan bank staff detained in state-owned oil business graft case

Venezuela's workplace of the superintendent of banks stated on Monday that arrest warrants have been issued for staff from Bancamiga, tying the bank to a. corruption scandal involving stateowned oil company PDVSA .

The workplace of the superintendent of banks did not mention. the names of the individuals subject to the arrest warrants, but. regional media outlet Ultimas Noticias, which is linked to the. country's ruling celebration, stated on Saturday that bros Daniel. Jose, Levin Salvatore and Carmelo De Grazia Suarez, the primary. investors of Bancamiga, had been jailed.

Previous Venezuelan oil minister Tareck El Aissami was. jailed previously this month for supposed corruption at PDVSA and. charged with treason and money laundering, to name a few criminal activities.

Authorities last year started examining corruption at. PDVSA, which built up billions of dollars in accounts. receivable linked to dozens of obscure intermediaries amid. U.S. sanctions.

The office of the superintendent of banks included a. statement launched on social networks that the chief law officer's. workplace had actually released arrest warrants against Bancamiga authorities. for their involvement in this major corruption plan,. mentioning the PDVSA case.

The attorney general of the United States's workplace did not immediately respond to. ' ask for remark.

Bancamiga is the country's sixth-largest bank and has. deposits worth $290 million, according to price quotes by local. consultants.

The workplace of the superintendent of banks said it is. carrying out a process of accompaniment and monitoring of the. organization to guarantee its operation..

(source: Reuters)