Poland faces $378M loss case over failed Venezuela oil deal
30 Articles
30 Articles
The Polish government concert Orlen was at the center of a massive financial scandal, and the company lost $230 million in an attempt to launch an adventurous scheme for the purchase of Venezuelan oil, circumventing international sanctions.
The British newspaper "Financial Times" reported on the embezzlement of funds from the fuel giant, reporting that Orlen lost $230 million on unfavorable fuel transactions with Venezuela in 2023, involving its subsidiary OTS. The funds have not yet been recovered. Some of the transactions were made in the cryptocurrency tether (USDT). The prosecutor's office announced that it has again requested the extradition of Samer A., the then-head of OTS, …
The Polish energy concern Orlen lost almost $400 million while trying to buy oil from Venezuela, bypassing US sanctions
The Polish energy concern Orlen lost almost $400 million while trying to buy oil from Venezuela, bypassing US sanctions.According to the Financial Times, in 2023, the Swiss "subsidiary" of the company tried to purchase Venezuelan oil through...
The Polish energy giant Orlen lost hundreds of millions of dollars because of a failed deal to buy Venezuelan oil that bypassed US sanctions. The Polish energy company Orlen lost nearly $400 million because of a failed attempt to purchase Venezuelan oil for cryptating against American sanctions, wrote Financial Times. The deal in 2023 attempted to organize the Swiss subsidiary Orlen. It transferred advance payments to Hannon International and Go…
Polsha lost hundreds of millions of dollars while trying to buy oil from Venezuela with cryptocurrency, bypassing the USAS concerns. Banker.az reports this based on Great Britain's "Financial Times" newspaper. Polşa's state oil company granted an advance of 230 million dollars to Orlen's Swedish mining company. The release of USDT (Tether), a stablecoin worth tens of millions, was made available to mediators via USB carriers at the time of perso…
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