Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

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Derwick Associates: from Power Plants to Agricultural Plants

In another hilarious chapter in the Derwick Associates saga (a company of twenty-somethings with no experience in the energy sector that received 12 power plant contracts for billions of dollars thanks to one of their school chums, who just-so-happens to be the son of the government minister assigning the contracts), the holding company they have in Spain has just changed its name. Now, the "powerful" American-sounding company that bought a €22.7 million hunting estate in Toledo and luxury apartments in Madrid, is to be called COMPAÑIA DE INVERSIONES AGRICOLAS TRIESTE SL.

Open letter to Derwick Associates

Dear Derwick bolichicos, I know you must be desperately wanting to see the end of this Annus Horribilis. Mind you, in 2013 you have gone from cocky proxies of Hugo Chavez, persecuting and prosecuting his opponents, to pariahs. In the space of less than a year, you went from believing that you would get millions and destroy the reputation of widely respected Venezuelan businessmen, who made their names, wealth and businesses through actual work, to become perhaps the only billionaires in town worthy of near absolute contempt.

What happened with the $40 million contract given to GEMALTO?

In a previous post I revealed how Venezuela had basically surrendered to Cuba responsibilities related to citizenry identification issues. In doing so, the Chavez regime effectively gave access to sensible personal identification data of all Venezuelan citizens to Cuba (through ALBET) and, consequently, to whomever ALBET decides to subcontract. However, Germany's Bundesdruckerei is not the only multinational that got into the dodgy deal. For there's also Netherlands-headquartered GEMALTO, which got a $40 million contract through a Mexican subsidiary (Gemalto Mexico S.A. de C.V.) on 20 August 2008, for the provision of six (6) million polycarbonate ID cards with chips.