Corruption in Venezuela The billion-dollar fraud

By artappraiser on Sat, 08/10/2013 - 11:39pm |

Evidence of huge rip-offs at the heart of the “Bolivarian revolution” has unleashed political infighting

The Economist, Caracas, August 10, 2013 issue & online

WHEN it comes to corruption, Venezuela has long languished near the bottom of the international league table. According to the latest index of perceptions of corruption compiled each year by Transparency International, a Berlin-based watchdog, only eight out of the list of 176 countries were seen as more graft-ridden. Even places like Haiti and Zimbabwe ranked higher. The organisation’s Venezuela chapter found that 65% of respondents in a recent survey thought corruption had worsened in the previous two years. Well over half thought government measures to tackle it were ineffective.

Enter Nicolás Maduro [....]

URL:

http://www.economist.com/news/americas/21583252-evidence-huge-rip-offs-heart-bolivarian-revolution-has-unleashed-political