30 September 2013
Derwick Associates Alleged Venezuela Bribery
The company that produced the video (Derwick Associates) basically stole
nearly $3 billion from Venezuela through overpricing in power plants. It's
a company that did not have any track record, anywhere in the world, when
contracts were awarded by the Venezuelan State through payment of bribes
Journalists and critics have been trying to get copies of 12 contracts granted
to Derwick (in a 14-month period), but this has been met with all manner
of intimidation and repression from Venezuela's Intelligence Police and the
highest officials from the Hugo Chavez regime (some of whom have received
kickbacks from Derwick).
International partners of Derwick include American companies, such as ProEnergy
Services, its subsidiary Energy Parts Solutions, while legal and PR services
have been contracted from ACU Chairman Al Cardenas (from Tew Cardenas LLP),
Kasowitz Benson Torres & Friedman LLP, and FTI Consulting respectively.
Some of the money stolen has been laundered by JP Morgan.
More background here: