The U.S. is sanctioning two businessman and three stepsons of Venezuelan President Nicolas Maduro for allegedly forming part of a network that stole hundreds of millions in dollars from food import contracts at a time of widespread hunger in the crisis-wracked South American nation.
The network targeted Thursday by the Treasury Department was allegedly run by Alex Saab, a Colombian businessman who has been in the radar of U.S. authorities for two years after amassing a large number of contracts with Maduro’s socialist government.
The U.S. Treasury Department alleges that Saab utilized a network of shell companies spanning the globe to hide huge profits from no-bid food and gold contracts.
Some of the contracts were allegedly obtained by paying bribes to children of first lady Cilia Flores.
your ads hereThe network targeted Thursday by the Treasury Department was allegedly run by Alex Saab, a Colombian businessman who has been in the radar of U.S. authorities for two years after amassing a large number of contracts with Maduro’s socialist government.
The U.S. Treasury Department alleges that Saab utilized a network of shell companies spanning the globe to hide huge profits from no-bid food and gold contracts.
Some of the contracts were allegedly obtained by paying bribes to children of first lady Cilia Flores.
