Venezuela's debt to Panama 'fraudulent'

Last updated 11:14 10/03/2014

Relevant offers

Americas

Nicaragua's First Lady Crises 'show effects of US disengagement' Plane crash lands on father, daughter Lightning zaps Venice Beach boardwalk 'Spider-Man' slugs officer in Times Square Young climber's posthumous art show Will enforcement stop the flow of Central American migrants? US faces intel hurdles in downing of MH17 Woman 'embarrassed' by porcelain dolls scare Earthquake off Alaska

Venezuela's foreign minister says 90 per cent of his government's US$1 billion (NZ$1.2b) debt to Panama is fraudulent and criminal charges are likely to result. 

Elias Jaua said the government paid businessmen for imports, but the goods never arrived. So Panama wasn't owed 90 per cent of the debt. 

Jaua's comments broadcast Sunday (NZT Monday) came after Venezuelan President Nicolas Maduro broke relations with Panama last week over its call for the Organization of American States to discuss a crackdown on protests in Venezuela. He also froze economic transactions. 

Panamanian President Ricardo Martinelli has said he hoped Venezuela's break in relations would not affect payment of its debts to Panamanian businessmen.

 


Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content