Excerpts of column "Runrunes" (Rumors) of Tuesday, August 13
As appears from the investigation referred by a US journalist, FDA is not a shareholder, director, executive officer or agent of any of the sued companies
REICH'S LAWSUIT. It has been news in global media for stating in black and white what has been rumored for years about indulging one single company with awesome contracts awarded by state-run oil holding Pdvsa and electricity utility Corpoelec. Nevertheless, the writ points to financial advisor Francisco D'Agostino (FDA) as a partner with the "BoliBoys." As appears from the investigation referred by a US journalist, FDA is not a shareholder, director, executive officer or agent of any of the sued companies: Derwick Associates USA, LLC and Derwick Associates Corp. Besides, he has no offices 450 Park Ave. D'Agostino was indeed a partner with a fund called Casablanca Capital from November 2010 through May 2012, with head offices in 450 Park Ave. D'Agostino has not come back to those offices since May 2012 and neither Leopoldo Alejandro Betancourt López, nor Pedro José Trebbau López (two of the defendants) ever visited those offices; they have no individual or corporate accounts in JP Morgan or in Davos Financial Group; nor are they signers in the name of any company in those banks. In a press release dated July 31, 2013 posted on The Wall Street Journal, the very attorneys of Derwick state that D'Agostino is not a member of that company. If such inconsistencies in the lawsuit of ex US Ambassador to Venezuela Otto Reich are proven, things could veer. This is particularly true because of its implications. Note that the defendant is the son in law of banker Víctor Vargas, the CEO of BOD-Corpbanca who recently bought Cadena Capriles, the media network. Hence, the case holds interest in the North and it is the talk of banks, businesses, and Boligarchs in anguish.
SUNDRY REDS. Venezuelan's President Nicolás Maduro's handpicking of candidate for mayors, disregarding the recommendations of ruling PSUV has escalated. Eagerness for concealing hardcore Chávezism, in search of votes of non-radical voters in the opposition whom, according to advisors, are tired of confrontation, made them parade around the election of December 8...
Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."