Venezuelan Colonel Marino Lugo Aguilar Arrested for Alleged Ties to Corruption Scheme

Venezuelan colonel Marino Lugo Aguilar, former PDVSA director, arrested for alleged involvement in corruption scheme led by ex-minister Tareck El Aissami. Crackdown on financial crimes at state oil company.

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Nimrah Khatoon
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Venezuelan Colonel Marino Lugo Aguilar Arrested for Alleged Ties to Corruption Scheme

Venezuelan Colonel Marino Lugo Aguilar Arrested for Alleged Ties to Corruption Scheme

The Bolivarian Intelligence Service (SEBIN) has arrested Venezuelan Colonel Marino Lugo Aguilar, the former director of PDVSA's national market, for his alleged involvement in a corruption scheme led by former minister Tareck El Aissami at the state-owned oil company. Lugo Aguilar, who had close ties to Antonio Pérez Suárez, is said to have played a significant role in the embezzlement denounced by the Nicolás Maduro administration.

As the director manager of PDVSA's National Market, Lugo Aguilar oversaw the process of dollarizing gasoline at service stations. He also worked at a subsidiary of the Socialist Cement Corporation when it was chaired by Antonio Pérez Suárez. The Venezuelan government has accused Lugo Aguilar of being an important participant in the misappropriation of funds from PDVSA.

The arrest of Lugo Aguilar is part of an ongoing investigation into corruption and money laundering within Venezuela's state oil company. The Maduro administration has vowed to crack down on financial crimes and root out corruption at PDVSA, which has been plagued by mismanagement and embezzlement in recent years.

Why this matters: The arrest of a high-ranking PDVSA official highlights the Venezuelan government's efforts to address rampant corruption within the state-owned oil company. The investigation into the alleged corruption scheme involving Tareck El Aissami and others could have significant implications for Venezuela's struggling oil industry and the country's economy as a whole.

In a statement, Attorney General Tarek William Saab said, "The arrest of Marino Lugo Aguilar demonstrates our commitment to combating corruption and holding those who have stolen from the Venezuelan people accountable." He added that the investigation is ongoing and more arrests are expected in the coming weeks as authorities work to untangle the full extent of the corruption scheme at PDVSA.

Key Takeaways

  • SEBIN arrests ex-PDVSA director Marino Lugo Aguilar for corruption ties
  • Lugo Aguilar allegedly involved in embezzlement scheme led by Tareck El Aissami
  • Lugo Aguilar oversaw PDVSA's dollarization of gasoline, worked at Cement Corp
  • Arrest part of ongoing investigation into corruption and money laundering at PDVSA
  • Maduro govt vows to crack down on financial crimes, more arrests expected