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