A
report by a Venezuelan congressional commission accused Petroleos de Venezuela
(PDVSA) [PDVSA.UL] of corruption on Wednesday, saying about $11 billion in
funds went missing from the state-run oil company while Rafael Ramirez was at
the helm from 2004-14. "It is more than the (annual) budget of five
Central American countries," said Freddy Guevara, comptroller commission
president and a member of one of Venezuela's hardline opposition parties,
alleging widespread malfeasance at the state oil producer. "We're talking
about $11 billion they cannot justify," he added, as he presented a report
by the legislative body that audits the state. More… 
Friday, October 21, 2016
Venezuela congressional probe says $11 billion missing at PDVSA
A
report by a Venezuelan congressional commission accused Petroleos de Venezuela
(PDVSA) [PDVSA.UL] of corruption on Wednesday, saying about $11 billion in
funds went missing from the state-run oil company while Rafael Ramirez was at
the helm from 2004-14. "It is more than the (annual) budget of five
Central American countries," said Freddy Guevara, comptroller commission
president and a member of one of Venezuela's hardline opposition parties,
alleging widespread malfeasance at the state oil producer. "We're talking
about $11 billion they cannot justify," he added, as he presented a report
by the legislative body that audits the state. More… 
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