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Brian Ellsworth

Florida firm sues Venezuela for $34 million over unpaid bonds

7:59am IST

CARACAS A Florida firm has sued Venezuela for $34 million for defaulting on bonds that matured in 2018, according to a filing in a U.S. court on Tuesday, in what may be the first legal strike by a creditor since the OPEC nation broadly defaulted on its debt.

EXCLUSIVE-Venezuela creditors demand payment on $1.5 bln defaulted bond - lawyer

17 Dec 2018

CARACAS, Dec 17 A group of creditors has demanded payment on $1.5 billion in defaulted Venezuelan bond, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation.

U.N. approves $9 million in aid for crisis-stricken Venezuela

27 Nov 2018

GENEVA/CARACAS The United Nations on Monday announced $9.2 million in health and nutritional aid for crisis-stricken Venezuela, where hunger and preventable disease are soaring amid the collapse of the country's socialist economic system.

Venezuela's former treasurer took $1 billion in bribes: U.S. prosecutors

21 Nov 2018

Venezuela's former national treasurer admitted receiving over $1 billion in bribes as part of illicit foreign currency operations that involved a local television mogul now indicted in U.S. courts, according to U.S. court documents unsealed on Tuesday.

UPDATE 1-Venezuela's former treasurer took $1 bln in bribes -U.S. prosecutors

21 Nov 2018

Nov 20 Venezuela's former national treasurer admitted receiving over $1 billion in bribes as part of illicit foreign currency operations that involved a local television mogul now indicted in U.S. courts, according to U.S. court documents unsealed on Tuesday.

PDVSA ex-executive admits taking bribes in guilty plea in U.S. court

01 Nov 2018

CARACAS A former finance executive of Venezuelan state oil company PDVSA accepted $17 million in bribes as part of a broad embezzlement scheme, U.S. federal prosecutors said on Wednesday, in a case that implicates a French oil firm and a Russian bank.

PDVSA ex-exec admits taking bribes in guilty plea in U.S. court

01 Nov 2018

CARACAS, Oct 31 A former finance executive of Venezuelan state oil company PDVSA accepted $17 million in bribes as part of a broad embezzlement scheme, U.S. federal prosecutors said on Wednesday, in a case that implicates a French oil firm and a Russian bank.

U.S. sanctions Venezuela officials, Trump slams Maduro

26 Sep 2018

NEW YORK/CARACAS The United States imposed new sanctions on Venezuelan President Nicolas Maduro's wife and several of his top allies on Tuesday as U.S. President Donald Trump urged members of the United Nations to support a "restoration of democracy" in the once-booming OPEC nation.

Classrooms near empty as school starts in crisis-stricken Venezuela

18 Sep 2018

CAUCAGUA, Venezuela Venezuela's school year began on Monday with few students arriving in classrooms amid a crippling economic crisis that has left many families unable to afford supplies or provide their children with enough food to focus on schoolwork.

Classrooms near empty as school starts in crisis-stricken Venezuela

18 Sep 2018

CAUCAGUA, Venezuela Venezuela's school year began on Monday with few students arriving in classrooms amid a crippling economic crisis that has left many families unable to afford supplies or provide their children with enough food to focus on schoolwork.

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