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Official: US believes ex-Venezuela oil czar took bribes [FOX News]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: FOX News
US:NYSE Investor Relations: shell.com/investors.html
PDF BOGOTA, Colombia –   U.S. prosecutors believe Venezuela's former oil czar received bribes as part of a major graft scheme that allegedly took place in the OPEC nation's oil industry, an American official familiar with the probe said. Rafael Ramirez, who was one of Venezuela's most powerful officials until he quit as the country's U.N. ambassador in December, was named as a bribe recipient although not charged in an indictment against five other former senior officials that was partially unsealed Monday. In the indictment, prosecutors in Houston allege two of the charged individuals told businessmen that proceeds from bribe payments they made in exchange for quick payments and contracts with Venezuela's state-run oil giant PDVSA would be shared with a senior Venezuelan official, identified in the unsealed portion as Official B. That unidentified Venezuelan politician is Ramirez, a U.S. official told The Associated Press. The official agreed to talk [Read more]

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