Corruption Charges Against Alba Petróleos

The National Association of Private Enterprise in El Salvador has declared that "money laundering is enabling Alba Petróleos to dabble in various production and commercial activities in the country."

Friday, January 25, 2013

According to an article in "The Executive Director of the ANEP, Arnoldo Jimenez said that this development ‘is part of a whole scheme of money laundering, diversion of funds and corruption that exists behind Alba ', referring to 'how Alba and el Frente (FMLN) are gaining economic control through political power'. "

Jimenez explained that Alba Petróleos entered into "the fuel industry in 2006, investing a million dollars in Enepasa (Energy for El Salvador), of which 60 percent was contributed by PDV Caribe and the rest by the FMLN mayors . "

Jimenez claimed that "Alba is entering into new businesses, through government policies that allow selling below market prices (" dumping ") or regulating the prices of domestic producers." ... detailing that "in the case of medicines, a law has been proposed to reduce prices by 35 percent and prices are being adjusted on more than a thousand products, generating scarcity and lack of cost coverage by current distributors. 'that's where in practice there is an open space for Alba Medicines (ALBAMED) to move into'. "

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Complaints About Alba Petróleos in El Salvador

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The company owned by Venezuela's Petrocaribe and corporate structures of FMLN is being accused by private entrepreneurs of illegal activities. reports that "The accusations between leaders of the Farabundo Marti National Liberation Front (FMLN by its initials in Spanish) and directors of the National Association of Private Enterprise (ANEP by its initials in Spanish) ended up again yesterday at the offices of the Attorney General of the Republic. This time it was the executive director of the business association, Arnoldo Jimenez, who was present at the fiscal office to present a notice requesting the prosecution to investigate the company Alba Petróleos. "