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Venezuelan real salary has fallen 89.9% by March

Thursday, March 16, 2017

PetroSaudi diverted 1MDB money in Venezuela deal

Wall Street Journal or the Journal strikes again with another accusation that PetroSaudi International Ltd – which is deeply involved in the 1MDB scandal – used part of the embattled Malaysian sovereign arm cash for a project in Venezuela. This is part of the tracing of the 1MDB money by the Journal, which together with the Sarawak Report, broke most of the stories on the 1MDB scandal. The Journal said Venezuela’s investigation into executives of its state oil company over a contract that the firm entered into with PetroSaudi International Ltd. marks the second time that investigators are known to have scrutinized a business partner of the Riyadh-based energy-investment startup. More…

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