Venezuela blogger Alek Boyd has been investigating Derwick Associates’ connection to Venezuelan officials’ money laundering for years. Today Spain’s El Mundo’s front-page story catches up as The world is shrinking for Derwick Associates
One of Spain’s newspapers of record, El Mundo, published in its front page today about corrupt officials from Venezuela using the subsidiary of a little bank in Andorra to launder billions of dollars. The news may come as a surprise to some. Readers of this and other blogs of mine will, I hope, share a feeling of vindication with me today, for as extraordinary as El Mundo’s decision to name names is, we have known this for a while. In fact, I alerted Spain’s money laundering authorities (SEPBLAC) about it in April 2012.
Read the whole thing.