A Barbados-based company is at the center of a fraud investigation in Caracas against a wealthy Venezuelan businessman who has been blacklisted by the United States for alleged money laundering in relation to drug trafficking activities.
Investigators for the opposition-controlled national assembly claim that Samark Lopez, through the company, Postar Intertrade limited, which is registered in Barbados, overcharged the Venezuelan government for food purchased in Mexico.
He was reportedly paid us$158 million for shipments that should have cost $36 million.
Lopez has been banned from conducting any business with the United States as a result of American sanctions against a number of Venezuelans linked to the government of President Nicolas Maduro.
Meanwhile the Venezuelan tycoon says he will pursue all legal, administrative and judicial remedies to fight American sanctions against him.