corruption

Odebrecht Gargantuan Corruption in Venezuela

A batch of official documents related to Odebrecht contracts in Venezuela has been leaked to this site. It is quite the task to recall similar corruption schemes, anywhere on earth. In short, Brazilian Presidents Lula da Silva and Dilma Rousseff, as well as the highest echelons of the ruling Workers Party, acted as pawns in a gargantuan corruption scheme set up by Odebrecht.

Enrique Pescarmona & IMPSA: kickbacks, corruption, legal threats... rinse and repeat

The correct thing to do, in relation to billions of dollars reportedly schemed by a number of companies contracted to solve the power crisis in Venezuela, is to allow them to have their say. As such, I sent a few communications yesterday to IMPSA, an Argentine conglomerate whose activities have been singled out by Venezuelan experts as exhibit A of enormous overbilling in the execution of public infrastructure works. Case in point Tocoma, fourth dam in a series in the lower Caroní river, being built by a consortium (Odebrecht, Impregilo & Vinccler​) and in which IMPSA was the chosen contractor to build and install 10 Kaplan turbines.