Thursday, August 5, 2021





NAMAN WAKIL, a Syrian-born Venezuelan national who is a Permanent Resident of the United States, has been charged in a major money laundering case, involving grossly inflated contracts to deliver food to PDVSA and CASA,* two Venezuelan government agencies, whose employees are deeply involved in corruption.

The charges:

1. Foreign Corrupt Practices Act  (FCPA) Conspiracy.

2. Conspiracy to Commit Money Laundering.

3. International Promotional Money Laundering.

4. Engaging in Transactions involving Criminally-Derived Property.

 Wakil, who faces a potential 80 years in prison, and who has been described in media as a kleptocrat, paid bribes of $5.9m to the brother-in-law of Venzuelan Minister of Food General  Carlos Osorio, and others involved n PDVSA joint ventures. He allegedly grossed $30m, according to a press release from the US Department of Justice.

He reportedly owns ten properties in Miami-Dade County, a yacht and an airplane . Wakil, along with a number of the individuals involved in the scheme, banked at COMPAGNIE BANCAIRE HELVETIQUE SA (CBH). He is in Federal custody; a hearing on Pre-Trial Detention has been scheduled.

                                                   Example of the Defendant's signature


*Corporacion de Abastecimiento y Services Agricola (the state-controlled food agency).

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