People linked to alleged corruption in Venezuela appear to have invested millions in luxury properties in the Caribbean.
Key Findings
- A Venezuelan under investigation for laundering stolen oil money acquired a lucrative stake in a luxury hotel in Colombia through a company registered in Luxembourg.
- He and another woman under investigation, the girlfriend of former Venezuelan energy official Javier Alvarado Ochoa, sat on the board of directors of the company that owns the hotel.
- Three senior executives at an energy consultancy that received a $23 million contract from Venezuelan state power company Corpolec, which was led by Alvarado, also had stakes in the hotel.
- A Venezuelan expert in anti-money laundering said the setup was “unusual” and should be investigated.
- Alvarado’s girlfriend is also president of three shell companies that own pricey villas in the Dominican Republic
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by Valentina Lares (Armando.info) and Nathan Jaccard (OCCRP), December 1, 2021, published on OCCRP
