Bariven to be Heard in Restitution Process

Instant Max AI

(PDVSA, 28.Jan.2017) – Bariven, S.A., a PDVSA subsidiary, has taken legal action to obtain compensation for damages suffered due to fraudulent actions by former contractors and suppliers who in collusion with former workers of Bariven and some of its subsidiaries, obtained procurement contracts through acts of corruption, causing property and moral damage to the company.

Legal actions include this restitution request made by Bariven so that is recognized as a victim of acts of corruption and the accused of such acts are ordered to compensate financially for damages suffered by Bariven. This restitution request is currently before a criminal court in Houston, Texas, which is familiar with the criminal proceedings against those accused with acts of corruption.

On January 17, 2017, the judge hearing the case adopted Bariven’s position and ordered all parties to the proceedings, including the Federal Prosecutor’s Office representing the interests of the U.S. government, and the accused to present their positions on Bariven’s request no later than February 20, 2017. This is an important development for Bariven, which opposed the Federal Prosecutor’s request to defer this process indefinitely. With this order, the judge ensures that Bariven will be heard and that the accused individuals will face up to their responsibilities.

PDVSA will continue to inform the nation and the international community on the ongoing actions against these persons and their property. Bariven reiterates its commitment to the pursuit of justice and will fight relentlessly so that those responsible, with no exceptions, are criminally and materially punished.

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