The leader of the Maranatha Church in Venezuela is also an entrepreneur who has seen in the dynamics of the Venezuelan economy an opportunity to grow his private wealth. Without a clear purpose, according to the documentation of the law firm Mossack Fonseca, the pastor weighted up the possibility of chairing a company in a tax haven.
The last two major global investigations conducted by the International Consortium of Investigative Journalists revealed the offshore business of Eligio Cedeño, a former Venezuelan banker considered a fugitive from justice by some and politically persecuted by others. Company Cedel International Investment, owner of Bolívar Banco and Banpro, also requested the services of Mossack Fonseca to operate in the British Virgin Islands.
Hurried by the drop of oil prices and the collapse of oil production, Nicolás Maduro bets on the Orinoco Mining Arc as a formula to increase the resources that are so scarce in the national coffers. Under the "joint venture" system, the Government has ended up agreeing with companies insufficiently known in the extra-activist industry, like Corporación Faoz. Among the beneficiaries is Gold Reserve, the Canadian mining company that Hugo Chávez expelled from Venezuela years ago. The Paradise Papers filtering shows that both have registered companies in that tax haven called Barbados.
Delations of the 'Lava Jato' case in Brazil have produced an outpouring of testimonies about irregular payments that flood and splash power circles in Venezuela. But not everything happens between hierarchs of politics. The contractors, with Odebrecht at the head, distributed where they thought was necessary and in the right magnitudes. While papers of the Brazilian prosecutor's office continue filtering, the talk of the files mentions a wide range of personalities that includes from businessman Gustavo Cisneros to a member of the opposition.
The amount invested over 13 years in Lake Valencia in north central Venezuela, could have been used by the Chavista regime to build 18 new hospitals like the Cardiológico Infantil Latinoamericano de Caracas, (Latin American Children’s Cardiology Hospital) or a fairway like the Panama Canal. But against the flow of the 385 million US dollars dumped in the water, the basin has become the largest septic tank in Latin America. This is one of the most serious environmental problems in the region, not only because of the pollution but also because of the social cost of 8,000 families who are at risk of losing their homes and even drowning in sewage. Before addressing this situation, the regime of Nicolás Maduro prefers to help the victims of Hurricanes Harvey and Irma, and leave the neighbors abandoned to the eternal Venezuelan improvisation.
The rebel prosecutor, Luisa Ortega Díaz, opened a real Pandora's box. Her accusation against Group Grand Limited not only strips the food import business for the popular Local Supply and Production Committee (CLAP). It also confirms that the businessman from Barranquilla, Alex Nain Saab Morán, hitherto linked to former Colombian senator, Piedad Córdoba, is also a hinge of President Nicolás Maduro. From the port of Veracruz, at least 7 million boxes of food have been shipped to Venezuela by a ghost company with no permanent office in Caracas or Mexico, and thanks to a millionaire contract with the Venezuelan government.
The main newspaper of the center of Venezuela and second of the country, 'Notitarde', was the setting for an experiment, a unique even for the Chavista era, with a clear military imprint. An Army colonel took over the company. It was part of the nervous media acquisition spree by capital close to the revolution from 2013 to 2015. The results, journalistic and business-wise, fall short of the expectations. However, the graduation classmate of Carlos Osorio and Pedro Carreño still wants to learn from the reporters at his service.
Cristóbal Jiménez's obsequious ballad honoring Maisanta, the ancestor of the late President Hugo Chávez, has a title that fits the stories of Diego Pérez Henao, once one of the world's most wanted drug traffickers, who had his hideout in a small ranch in the state of Barinas. The estate emerges as one of the best kept secrets. Several sources agree that the founder of the Norte Del Valle cartel (Valley's North cartel) was untouchable within the boundaries that belonged to Israel Ramón Chávez Aro, a relative of the Bolivarian chieftain.
A handshake between Hugo Chávez and Jiang Zemin, President of China, sealed a commercial relationship between Caracas and Beijing that totals two decades of cooperation marked by thousands of dollars and debts, half efficiency, and much opacity. Now, hundreds of official documents obtained by Armando.info and processed together with the Latin American Center for Investigative Journalism (CLIP) reveal, through a series of stories, how this exchange flowed, which was not always advantageous for Venezuela.
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