the meantime, several of Bazzoni's previous partners in oil financing businesses
(Centauro, Chemoil, Saltpond and Imperial Energy Ventures) opened consultations
in anti-fraud courts in Texas and New York, targeting Italian offshore companies
due to diversion of funds, breach of contract and failure to comply with of
jurisdiction agreements. One of them requires compensation for damages of up to
21 million dollars.
Barbados, the fall of Bazzoni reached New York. On the Caribbean island, the
entrepreneur had incorporated a company called Cinque Terre Financial Group, and
a judge ordered liquidation thereof in April 2016 for insolvency and debts.
However, the liquidator of Barbados noted that although the liquidation process
had begun, Bazzoni opened subsidiaries of the Cinque Terre (peculiarly with the
name of CT Energía LTD), both on that island and in Malta.
the moment, almost nothing is known about the productivity of the alliance
between PDVSA and these partners. More than a year after sealing their
commitment to boost production, it is a mystery if these unconventional allies
who formed Petrodelta contributed to the Oil Sowing Plan.