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Former President of Banco Industrial de Venezuela and Owner of Offshore Companies

Leonardo González Dellán headed Banco Industrial de Venezuela (BIV) from 2002 to 2004. The papers of Mossack Fonseca reveal that, in this period, which also coincided with the establishment of the exchange control and the birth of the extinct Cadivi, he was related to overseas companies.

08/05/2016 15:48:17

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On February 11, 2016, the history of Banco Industrial de Venezuela (BIV) ended. A resolution of the Superintendency of Banking Institutions (Sudeban) was the death certificate for a financial institution that was born in 1937.

"Agreeing the early dissolution of Banco Industrial de Venezuela, C.A. and the cessation of operations and financial intermediation activities and, thus, beginning the administrative liquidation process," provides Article 1 of the measure contained in Official Gazette 40.846.

But the end of BIV was written long ago. In 2011, the Office of the Comptroller General of the Republic (CGR) recommended ending the "intervention process," which the bank was subject to since 2009. It advised its "liquidation" in “order to preserve the interests of the Republic, the stability of the national financial system, and the rights of savers, depositors, customers and creditors, given that the bank had serious economic, financial and budget planning problems in 2007 and 2008."