A new corruption scandal shades over Venezuelan government as Mr Naman Wakil ( who made furtive by providing meet to ensure the government food programs) was caught after having sent $5.9 Million to family members of Minister Carlos Osorio apparently in order to obtain such contracts.
As reported by Boomberg, it seems that when dealing with corruption cases in Venezuela related to this affair, one Swiss bank is a common denominator: CHB compagnie Bancaire Helvetique SA.
Furthermore, several Venezuelan officials linked to corruption scandals were also funneling money via this same Financial Institution.
Mr Zair Mundaray (former head of the financial crime office of the attorney general of Venezuela) noted that all cases linked were on the client book of the bank, naming it “the go-to bank” for Venezuelan money to hide.
The US prosecutors are now reportedly looking at the potential links between the bank and the investigated persons, with no accusations formulated over the bank or its employees as per now.
It was noted that by making intra bank transfers, the Venezuelan network was able to avoid swift messages.
Since 2011 the bank expanded their Venezuelan clientele on the entities offices in Geneva, Luxembourg, Nassau and St. Moritz.
The bank claimed to have vetted each client appropriately.