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LOOTING VENEZUELA.
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- Abstract:
The article discusses the investigations into the bid-rigging scandal involving the oil industry of Venezuela. Topics explored include the way commodity trading houses Trafigura, Glencore, and Vitol allegedly benefited from the scheme, the evidence obtained by attorney David Boies regarding former Petróleos de Venezuela SA (PDVSA) trader Francisco Morillo and colleague Leonardo Baquero, and the significant cost of the scheme to the economy of Venezuela.
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