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Reading: Frontman for Venezuelan oil company looting scheme funneled $1.1 billion through an Andorra bank | International
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TheLatin.News™ > Blog > News > Andora > Frontman for Venezuelan oil company looting scheme funneled $1.1 billion through an Andorra bank | International
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Frontman for Venezuelan oil company looting scheme funneled $1.1 billion through an Andorra bank | International

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Last updated: June 12, 2024 3:50 pm
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A Petróleos de Venezuela gas station in Maracaibo in June 2023.Henry Chirinos ((EPA) EFE)

The businessman Luis Mariano Rodríguez Cabello is an unassuming 58-year-old man from Caracas who manages Inverdt Business Advisors, a company offering enigmatic “supplier search and strategic alliance” services. But his low-key profile has been spotlighted by revelations that he was a key player in the scheme that plundered $2 billion from his country’s most important state-owned company – Petróleos de Venezuela SA (PDVSA).

While all the media attention focused on the political leaders of the corruption network – Nervis Villalobos and…



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