Saturday, October 31, 2020

Spanish police investigate ex-envoy to Venezuela for money laundering: source


Spanish police raided several properties linked to a former ambassador to Venezuela on Monday and made several arrests as part of an investigation into alleged laundering of around 4 million euros ($4.47 million) from state-run oil company PDVSA, a judicial source said.

Three people were arrested on Monday during raids of homes and offices of former Spanish ambassador to Venezuela Raul Morodo, the source told Reuters.

Morodo’s son, Alejo Morodo, was one of those arrested, said the source, who asked not to be identified because of the sensitivity of such matters.

More: FinCEN to financial institutions: Beware of Venezuelan money laundering

- Advertisement -

Morodo, who is 84, was not arrested for reasons related to his health, according to Spanish media.

Reuters could not immediately reach any representative for Morodo or his son and they were also not quoted as commenting in Spanish media reports.

The investigation, which remains under a court order of secrecy, focuses on the period between 2008-2013, shortly after Morodo ended a three-year stint as ambassador in Venezuela, Spanish media reported.

El Pais said those arrested were suspected of producing false invoices for work that was never completed and laundering money through accounts in Panama and other Latin American countries.

- Advertisement -


Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Spanish police arrests operator of Crypto Arbitrage firm Arbistar on fraud charges

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization...

Lodi City Council candidate arrested for laundering money through gambling

A Lodi City Council candidate and Stockton business owner was arrested Wednesday afternoon on suspicion of money laundering, along with other criminal charges, the...

Former President of nuclear transportation company gets prison in scheme to bribe Russian official

A Maryland businessman convicted of plotting to pay a Russian official more than $1.5 million in bribes to get lucrative contracts for transporting uranium...

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks