Top Venezuela oil official pleads guilty to taking bribes

KIFI

Published March 29, 2023 2:19 PM

By JOSHUA GOODMAN

MIAMI (AP) — The former general counsel for Venezuela’s state-owned oil company pleaded guilty in Miami federal court on money laundering charges Wednesday in connection to a conspiracy to siphon hundreds of millions from state coffers through corrupt currency deals. Alvaro Ledo Nass acknowledged taking $11.5 million in bribes while serving in several senior roles at Petroleos de Venezuela SA until 2015. The 43-year-old is the latest among several dozen former Venezuelan officials to be charged or convicted in the U.S. as part of Operation Money Flight, a sprawling, multi-year investigation that seeks to untangle how Venezuelan insiders stole billions in oil wealth from their country.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.