CITCO 6 Convicted of Corruption

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Feature Article by Stephen Lendman
CITGO 6 Convicted of Corruption

by Stephen Lendman ( – Home – Stephen Lendman)

As part of the Trump regime's war on Venezuela by other means, revenues from the state-owned US subsidiary CITGO were illegally blocked.

Other Bolivarian Republic assets were seized and made available for plunder by anti-government elements.

Illegal Trump regime sanctions stipulated that while CITGO could continue operating, its revenues would be deposited in a blocked account — stealing government revenue, permitting grand theft of Venezuelan wealth, part of the US plot to crush its economy and immiserate its people.

In November 2017, CITGO president and other five senior company officials were arrested.

Charged with involvement in a fraudulent multi-billion dollar refinancing scheme, Attorney General Tarek William Saab said they illegally arranged for a $4 billion loan with two private equity firms — offering the state-owned compan
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