un dato

Eudomario Carruyo - A Master Class on How to Disguise Wealth while being Ostentatious

The former Vice President of Finance and director of the state oil company was one of the executives in the industry with more charges and accusations. In 2006, the Office of the Comptroller opened a proceeding against him for not filing the sworn statement of assets. In 2011, he became noticeable for his alleged participation in the Ponzi scheme of Francisco Illaramendi. In 2009, four years after having him as a client, Mossack Fonseca learned that he was a Politically Exposed Person, but maintained the business relationship because no "links to illegal activities" were found.

07/04/2016 10:47:40

Comparte en las redes

Disponible también en:

Este reportaje se encuentra disponible también en:

Among the arguments that Ramón Fonseca, partner of the Mossack Fonseca law firm, which was victim of a massive leak of its communications, unveiled by the International Consortium of Journalists on Sunday, April 3, uses to defend himself is the adherence to the procedures established in the laws of Panama to open companies in tax havens and in the full background checks of their potential clients.

The case of Pdvsa former Vice President of Finance, Eudomario Carruyo, shows that doubts arose in the company whenever a Politically Exposed Person (PEP) knocked on the door, and the time elapsed before any irregularity was noticed.