Post by scumbuster on Oct 9, 2016 6:23:57 GMT -5
After Failure of $7 Billion Swap, Venezuela's Maduro Orders PDVSA to Sue Newspaper "Directed from Miami"
CARACAS -- Venezuela President Nicolas Maduro on Saturday ordered his Oil Minister, Eulogio Del Pino, who also serves as president of the state oil company Petroleos de Venezuela SA (PDVSA), to sue the owners of a Venezuelan newspaper "directed from Miami" for "disseminatating false information" about the oil company.
The Venezuelan leader did not name the newspaper he described as "garbage" and said that it had a small issue of "just two thousand" copies, which is close to the final print runs of the Latin American Herald Tribune's predecessor The Daily Journal in Caracas.
The English-language Daily Journal or DJ was founded in 1945 and was also the owner of El Diario de Caracas -- edited by governor of Caracas, Ambassador to the U.N. and presidential candidate Diego Arria -- and co-owner of Tal Cual with former Planning Minster Teodoro Petkoff. Arria has had his property expropriated and now lives in exile in New York. Petkoff lives under house-arrest in Caracas and has been prevented from leaving the country.
As one of the main English language periodicals in Latin America -- along with The Sun in Mexico and the Buenos Aires Herald in Argentina -- The Daily Journal has been responsible for training generations of journalists covering Latin America.
LAHT's editor Russ Dallen has been an outspoken critic of Maduro and his predecessor Hugo Chavez.
Dallen's investigative reporting has consistently unveiled wrongdoing at all levels of the government since he began helming The Daily Journal in 2003. In 2004, then Vice President Jose Vicente Rangel called his front page investigative report about the Chavez government paying his reporters who went undercover to vote against the Recall Referendum "false. And doubly false because it is in English." Dallen and his employees have been attacked and Dallen survived a kidnapping and murder attempt in 2005.
Rafael Poleo, who runs El Nuevo Pais, has also theorized that it may be his newspaper group.
"I have given the order for violating the constitution and forming part of a campaign to destroy PDVSA's financial and development possibilities as part of a dirty campaign against Venezuela," said Maduro during a cadena - a broadcast that must be carried by every radio and television channel in the country -- from a medical graduation ceremony in Caracas with a Cuban flag behind him.
Dallen, an expert in finance, last month reported on the risks of the latest PDVSA swap and pointed out the financial distress the company is undergoing, and the article was translated into Spanish and widely disseminated (links below). Lawsuits against PDVSA and Citgo by Crystallex and ConocoPhillips -- which just filed suit on Thursday -- quote him.
Venezuela and PDVSA must pay $1.8 billion this month and $3 billion next month in debt interest and maturities.
Maduro said he will not tolerate "continuing to conspire with lies to harm Venezuela."
According to Maduro, newspaper owners are part of the campaign that is being promoted against his government.
"They believe that beneath the ruins of Venezuela, they will come to rule again, but never in life will the bourgeoisie govern this country. Imperialism will never rule this country in a thousand years," he declared.
After making this announcement, Del Pino posted a message on his Twitter account and reiterated that he was "initiating legal action against the newspaer inventing outrages against PDVSA."
A PDVSA tweet described the newspaper as from the United States.
Maduro repeatedly blames an "economic war", "the Empire" and a "media campaign" for the destruction of Venezuela.
Last week, the Latin American Herald Tribune co-hosted political prisoner Leopoldo Lopez's wife Lilian Tintori and mother Antonieta Mendoza de Lopez for a ceremony honoring Lopez with the Francisco de Miranda Award. Lopez has now been jailed for over 2 and a half years for "subliminally" inciting riots in Caracas. The prosecutor in that case later fled to the U.S. seeking political asylum, admitting the trial was all a sham. Lopez was sentenced to over 13 years in prison.
Venezuela's economy has collapsed over 18% over the last 2 years, according to the IMF. Inflation is running at over 600% and there are widespread shortages of everything, including food and medicine.
www.laht.com/article.asp?ArticleId=2422720&CategoryId=10717
CARACAS -- Venezuela President Nicolas Maduro on Saturday ordered his Oil Minister, Eulogio Del Pino, who also serves as president of the state oil company Petroleos de Venezuela SA (PDVSA), to sue the owners of a Venezuelan newspaper "directed from Miami" for "disseminatating false information" about the oil company.
The Venezuelan leader did not name the newspaper he described as "garbage" and said that it had a small issue of "just two thousand" copies, which is close to the final print runs of the Latin American Herald Tribune's predecessor The Daily Journal in Caracas.
The English-language Daily Journal or DJ was founded in 1945 and was also the owner of El Diario de Caracas -- edited by governor of Caracas, Ambassador to the U.N. and presidential candidate Diego Arria -- and co-owner of Tal Cual with former Planning Minster Teodoro Petkoff. Arria has had his property expropriated and now lives in exile in New York. Petkoff lives under house-arrest in Caracas and has been prevented from leaving the country.
As one of the main English language periodicals in Latin America -- along with The Sun in Mexico and the Buenos Aires Herald in Argentina -- The Daily Journal has been responsible for training generations of journalists covering Latin America.
LAHT's editor Russ Dallen has been an outspoken critic of Maduro and his predecessor Hugo Chavez.
Dallen's investigative reporting has consistently unveiled wrongdoing at all levels of the government since he began helming The Daily Journal in 2003. In 2004, then Vice President Jose Vicente Rangel called his front page investigative report about the Chavez government paying his reporters who went undercover to vote against the Recall Referendum "false. And doubly false because it is in English." Dallen and his employees have been attacked and Dallen survived a kidnapping and murder attempt in 2005.
Rafael Poleo, who runs El Nuevo Pais, has also theorized that it may be his newspaper group.
"I have given the order for violating the constitution and forming part of a campaign to destroy PDVSA's financial and development possibilities as part of a dirty campaign against Venezuela," said Maduro during a cadena - a broadcast that must be carried by every radio and television channel in the country -- from a medical graduation ceremony in Caracas with a Cuban flag behind him.
Dallen, an expert in finance, last month reported on the risks of the latest PDVSA swap and pointed out the financial distress the company is undergoing, and the article was translated into Spanish and widely disseminated (links below). Lawsuits against PDVSA and Citgo by Crystallex and ConocoPhillips -- which just filed suit on Thursday -- quote him.
Venezuela and PDVSA must pay $1.8 billion this month and $3 billion next month in debt interest and maturities.
Maduro said he will not tolerate "continuing to conspire with lies to harm Venezuela."
According to Maduro, newspaper owners are part of the campaign that is being promoted against his government.
"They believe that beneath the ruins of Venezuela, they will come to rule again, but never in life will the bourgeoisie govern this country. Imperialism will never rule this country in a thousand years," he declared.
After making this announcement, Del Pino posted a message on his Twitter account and reiterated that he was "initiating legal action against the newspaer inventing outrages against PDVSA."
A PDVSA tweet described the newspaper as from the United States.
Maduro repeatedly blames an "economic war", "the Empire" and a "media campaign" for the destruction of Venezuela.
Last week, the Latin American Herald Tribune co-hosted political prisoner Leopoldo Lopez's wife Lilian Tintori and mother Antonieta Mendoza de Lopez for a ceremony honoring Lopez with the Francisco de Miranda Award. Lopez has now been jailed for over 2 and a half years for "subliminally" inciting riots in Caracas. The prosecutor in that case later fled to the U.S. seeking political asylum, admitting the trial was all a sham. Lopez was sentenced to over 13 years in prison.
Venezuela's economy has collapsed over 18% over the last 2 years, according to the IMF. Inflation is running at over 600% and there are widespread shortages of everything, including food and medicine.
www.laht.com/article.asp?ArticleId=2422720&CategoryId=10717