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Implications of Venezuela’s proposed foreign debt restructuring

November, 3 2017 (Reuters) CARACAS (Reuters) - Venezuelan President Nicolas Maduro has announced that the country and state oil company PDVSA will restructure its burgeoning foreign debt, even as he vowed to make a payment of more than $1 billion that came due on Thursday. The announcement did not put Venezuela or PDVSA into default, [...]

Environmentalist’s murder a criminal plot, new report says

November, 3 2017 (CNN) It was a little before midnight on March 2, 2016, when at least two men kicked in the back door of the home of award-winning environmentalist and activist Berta Cáceres in La Esperanza, western Honduras. Moments later, 44-year-old Cáceres was shot dead. Her friend, Mexican environmentalist Gustavo Castro Soto was wounded, [...]

Ex-Argentina VP Boudou arrested in corruption case

November, 3 2017 (Reuters) BUENOS AIRES (Reuters) - Amado Boudou, who had been former Argentine President Cristina Fernandez’s economy minister and vice president, was arrested on corruption charges on Friday, becoming the second major official in her government to face detention. Police arrested Boudou and an alleged associate, Jose Maria Nunez Carmona, in an upscale [...]

FARC leader ‘Timochenko’ announces run in Colombia’s 2018 presidential race

November, 2 2017 (Colombisreports) Before having faced justice over more than 100 war crimes, FARC leader Rodrigo Londoño, a.k.a. “Timochenko,” announced on Wednesday he is taking part in the 2018 presidential elections. The announcement came less than a year after the beginning of a peace process that seeks to end more than half a century [...]

Temer Escapes Bribery Trial: ‘We are all Criminals’ say Rio gangsters

Rio de Janeiro, November 2, 2017: In a shanty town or "favela" that tumbles down one of the mountains close to Rio de Janeiro's Christ the Redeemer statue, the steps reach a house with a sign above its door: “God is my protector.” A dozen young drug gang members holding AR-15 semi-automatic rifles and radios [...]

Colombia arrests business moguls in ‘Panama Papers’ probe

October, 5 2017 (Colombia reports) Multiple top businessmen were arrested in Colombia Wednesday for alleged crimes of fraud and money laundering that came to light through investigations related to the “Panama Papers” scandal. Six business managers were arrested and another nine were charged for financial crimes committed through boutique Panamanian law firm Mossack Fonseca. At [...]

Maduro Narco-Nephews Lose Appeal in the US: Life Sentence for Drug-Trafficking Stands

October, 4 2017 (Panampost) Despite the best efforts of the Venezuelan presidential family’s “narco-nephews” defense, they were unable to reduce the severity of their clients’ sentence. The prosecution requested life imprisonment for Efraín Antonio Flores Flores and Franqui Francisco Flores de Freitas, and that request continues in force after the narco-nephews lawyers failed to convince [...]

Colombia’s rebel ELN begins first truce in over half a century

October, 1 2017 (BBC) Colombia's largest active rebel group, the ELN, has begun a temporary ceasefire with the authorities - for the first time in more than 50 years. The truce began on Sunday and is set to extend until mid-January. President Juan Manuel Santos says he hopes it will serve as a first step [...]

Venezuela’s Maduro thanks Putin for support in difficult times

October, 4 2017 (Reuters) Russian President Vladimir Putin (R) shakes hands with his Venezuelan counterpart Nicolas Maduro during a meeting at the Kremlin in Moscow, Russia October 4, 2017. REUTERS/Yuri Kadobnov/Pool MOSCOW (Reuters) - Venezuelan President Nicolas Maduro on Wednesday thanked Russian President Vladimir Putin for his political and diplomatic support in difficult times. “I [...]

Oil-Rich Venezuela Plunges Into Gasoline Crisis as PDVSA Production Plummets

September, 28 2017 (Panampost) Venezuela’s state-owned oil company PDVSA is to blame for the country’s gasoline shortage, as it is only producing 15 percent of the national demand for fuel, according to the President of the Venezuelan Federation of Petroleum Workers, Iván Freites. He said two of the country’s major refineries, Amuay and Cardón, aren’t [...]

Ex-Odebrecht Official Confirms Paying US$16 Million Bribe to Ecuador’s Vice President

September, 28 2017 (Panampost) A top executive with the Brazilian construction company Odebrecht has come out in confirmation of claims that Ecuador’s Vice President Jorge Glas accepted bribes on government contracts. Former Director of Odebrecht, José Conceição Santos, said he paid Glas US $16 million through the Vice President’s uncle, Ricardo Rivera. Two million dollars [...]