CARACAS, Wednesday August 07, 2013 | Update

Venezuela delves into likely fraud against Bandes in the US

The bank's head asked the Attorney General's Office to conduct an investigation

Wednesday August 07, 2013  12:01 PM
The president of the Economic and Social Development Bank of Venezuela (Bandes), Temir Porras, has informed that the Attorney General's Office has been requested to conduct an investigation into an alleged fraud in the United States against the bank.

The case involves Bandes' former manager María de los Ángeles González and a US brokerage firm. Porras pointed out an investigation must be conducted as "we may have been victims of embezzlement."

Porras added that the investigation was requested at home although the complaint was filed abroad.
This is all there is

A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.

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