Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: What a load of crap!

AN declares Maduro's political responsibility in the Crystallex case

Published in: May 28, 2020Posted by: Editor
 
 

800 News

May 28, 2020 - 1:51 pm

This is established in the agreement approved this Thursday, May 28 during the ordinary session of the National Assembly, which declares the political responsibility of the Maduro regime for the case of the company Crystallex International Corporation, presented by the president of the Permanent Commission on Energy and Oil, the deputy for the Zulia state, Elías Matta.

The National Assembly declared the political responsibility of the Nicolás Maduro regime and of whom he has served as the illegitimate Attorney General, citizen Reinaldo Muñoz Pedroza, by not exercising the defense of Venezuela in the Crystallex International Corporation (CIC) case and having handed over more than 400 million of dollars without the control of the National Assembly.

Likewise, it is established to initiate an investigation to determine the legality, efficiency and effectiveness of the contract signed by the government of the late President Hugo Chávez with the company Crystallex International Corporation, and to study the possible legal actions that may be pertinent.

The agreement also indicates ratifying the nullity of the transaction signed by representatives of Crystallex International Corporation and the Maduro regime in September 2018, and advancing the investigation initiated by the National Assembly on December 10, 2018.

As well as informing the Government of Canada, the country in which CIC is domiciled and the bankruptcy proceeding of that company is advanced, of this agreement and the facts on which it is based, so that the corresponding investigations can be initiated.

It is indicated in the approved document to urge the interim government to exercise all legal actions that ensure the protection of the actions of PDV Holding, Inc. against any embargo measure, as stated by the Treasury Department through the Office of Foreign Assets Control (OFAC) on December 9, 2019, all without prejudice to the possibility of renegotiating any legitimate claim that might arise from the 2016 award, which was confirmed by the United States Courts due to the omissions of the Nicolás Maduro regime.

“The CVG to whom the Las Cristinas deposits are delivered, contracts the company Crystallex International Corporation without any type of tender and authorization. The contract was for two years oddly and there begins the negligence, it was never reviewed. The company Crystallex did very little, some exploration areas, but 9 years passed and that is when CVG decides to terminate the contract, because they had not started mining. ”

Deputy Elías Matta explained during his speech, when presenting the draft agreement, the background of how this illegal negotiation between the regime and the CIC company was conceived, which began in 2002 with a decree issued at that time by the deceased President Hugo Chávez, where certain areas and deposits are reserved for the Venezuelan State to exploit them, and authorizes the Ministry of Mines and CVG to proceed with the exploitation of the deposits.

 

"The CIC company is going to the courts of the Washington court, nor were the necessary results made, the court ratifies the ICSID award. But since they don't pay him, he lashes out at a property of the Republic, PDV Holding Inc, which owns Citgo, and takes the case to a Delaware Court judge, who allows him to execute the actions. ”

He reported that the CIC company felt affected and went to the World Bank arbitration center (ICSID) in 2011, presents its allegations, the defense of the regime was not efficient enough and in 2016 ICSID decides in favor of the company Crystallex and resolve that it be compensated by one thousand 200 million dollars.

He recalled that the current National Assembly on December 10, 2018, approved an agreement in rejection of that negotiation, that is, before the interim government, parliament had already warned the Maduro regime that such treatment was illegal.

He explained that, in 2018, when the interim government of Juan Guaidó was not yet there, Crystallex reached a favorable decision in the Delaware Court. In other words, the entire responsibility is the negligence and ineffectiveness of the Maduro regime. Strangely, when that 2018 decision comes out, the regime decides to negotiate with the company Crystallex and they agree to a payment supposedly for $ 400 million.

“That is why we have brought this agreement to declare the political responsibility of Nicolás Maduro and of who is usurping the office of Attorney of the Republic, Reinaldo Pedroza. We request that the organizations involved open a thorough investigation and that the National Assembly deepen the decisions made in December 2018, because here there is damage to the heritage of the Republic. ”

When the interim government is installed, an agreement is created between Citgo, the PDVSA Ad Hoc Board, a group of lawyers, and the Venezuelan embassy in the United States and ensure that the OFAC Office of Foreign Assets Control protects Citgo.

YOUR COMMENT IS IMPORTANT

Finally clarified that Citgo is threatened and in danger of being lost due to the irresponsibility of the Nicolás Maduro regime, but defended by the interim government chaired by Juan Guaidó and the National Assembly
Continue reading in the media that originally published this news

 

FacebookTwitterWhatsAppTelegramFacebook MessengerFlipboardRedditTumblr

Posted in: Everywhere
Share
New Message
Please login to post a reply