A U.S. Federal District Court has denied Venezuela's request
for the return of $600 million in money recovered in a bribery scandal
involving Venezuela's state owned oil company Petroleos de Venezuela (PDVSA). U.S.
District Court Judge Gray H. Miller of the Sothern District of Texas rejected
Venezuela's claim to $600 million that the U.S. had recovered from Roberto
Rincon and Abraham Shiera, who were convicted of conspiracy in a bribery scheme
involving $1 billion in contracts with PDVSA. Venezuela had claimed that it was
the victim and asked for restitution. Judge Miller did say that Venezuela would
be allowed to re-apply when the bribery plot perpetrators are sentenced. More…
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