Venezuela: Narcostate

Posted on August 17, 2015 • Filed under: Drug Activity, Social Issues, Venezuela Venezuela is a narcostate, controlled by senior political leaders and security officials who have used state resources and state-owned companies in the cocaine trade. For example, US authorities have gathered documents and eyewitness testimonies implicating officers of the state-run oil company, Petróleos de Venezuela S.A. (PDVSA), in engaging in transactions and money laundering on behalf of cocaine smugglers within the government. Sources also have informed US authorities that the campaigns of the ruling United Socialist Party of Venezuela have been financed by drug-smuggling and money-laundering profits. Read Article

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