Thursday, March 28, 2024

Fraud probe

Date:

Share post:

A BARBADOS-BASED company is at the centre of a fraud investigation in Caracas against a wealthy Venezuelan businessman who has been blacklisted by the United States for alleged money laundering in relation to drug trafficking activities.

Investigators for the opposition-controlled National Assembly claim that Samark Lopez, through the company, Postar Intertrade Limited, which is registered in Barbados, overcharged the Venezuelan government for food purchased in Mexico.

He was reportedly paid US$158 million for shipments that should have cost $36 million.

Lopez has been banned from conducting any business with the United States as a result of American sanctions against a number of Venezuelans linked to the government of President Nicolas Maduro. (MB)

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...

Minister Abrahams’ statement on Ismail Patel’s passing

Below is the full statement by Minister of Home Affairs and Information, Wilfred Abrahams: I was saddened to...

Water bills for March to include February charges

A few weeks ago, the Barbados Water Authority (BWA) informed customers in parts of Christ Church and St....

BWA making a connection at the Bridgetown Port

The Barbados Water Authority (BWA) informs businesses near The Shallow Draft at the Bridgetown Port that the BWA...