Thursday January 21, 2021
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home »  Venezuelan National Assembly Approves Funds Without Comptroller or Consensus

 Venezuelan National Assembly Approves Funds Without Comptroller or Consensus

Sabrina Martín by Sabrina Martín
February 2, 2020

0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp
The vice-president of the National Assembly, deputy Guanipa, also abstained from voting along with his party (EFE).

 

The Venezuelan National Assembly, with an opposition majority, approved the creation of a 20 million USD litigation fund for the defense and management of the Republic’s resources held abroad.

RelatedArticles

Biden Inauguration: Pandemic Show in a Fortified City

500 Children’s Lives at Risk due to Hospital Closure in Venezuela

January 20, 2021
Kirchnerism, Determined to Destroy the Argentine Real Estate Market

Cuban Plan to Interfere in Colombian Presidential Elections Unveiled

January 19, 2021

The proposal presented by interim president Juan Guaidó was approved without consensus, although there were parties that requested greater clarity in accountability, which should be reflected in the approved document.

Comunicado sobre la aprobación por la @AsambleaVE del monto máximo del fondo de litigio—-> pic.twitter.com/qG35Cwr41u

— Procuraduría Especial de la República de Venezuela (@DeProcuraduria) January 29, 2020

Both the deputies of the opposition party Justice First and those representing the July 16 Fraction did not approve the proposal. They asked to defer the discussion to get more details on the agreement.

In November, the parliamentarians created a 3.5 million USD fund to defend the assets of the Central Bank of Venezuela and the state-owned oil company PDVSA. Now, the National Assembly has authorized a higher amount for this scheme.

The economist Ángel Alvarado, deputy of Primero Justicia, said that “the fraction is asking for information on based on which the technical commission has authorized asset defense and litigation projects and what the amounts are.”

“We abstained from voting regarding the approval of the Agreement for the Creation of Litigation Funds because the approval of millions of dollars in resources must have prior and subsequent supervision. The draft agreement presented and approved today does not reflect this supervision,” said the Parliamentary Block July 16 via Twitter.

The opposition party Popular Will claims that disputed state funds are in blocked accounts in the United States and allegedly require the authorization of the U.S. State Department.

We must also remember that according to the Transition Statute approved by the National Assembly itself, “the assets of the State that have been recovered through the established mechanisms cannot be disposed of until the usurpation ceases.” It remains to be seen how these resources will be invested if there is still no comptroller, and the Parliament’s Comptroller’s Commission itself has been involved in corruption cases.

The document states that the funds are for the “payment of debts and trial expenses for the defense of assets abroad.” It also refers to “professional fees and legal expenses” that “only cover the payment of the Law Firms that have assumed the defense of the Venezuelan State since January 2019.”

Congressman Omar González, head of the July 16 parliamentary faction and a member of the Vente Venezuela party, told the PanAm Post that the proposal came as a surprise and that the faction abstained from voting because it did not know the details of the agreement.

“What resources are we talking about? What assets does the nation have abroad? The idea is to have transparency and complete information, which is crucial for the administration of the National Assembly because it is a sensitive issue since it deals with financial matters,” he said.

“One thing that called our attention is that the Finance Committee that usually presents these projects was not the one that presented them, and its president, Deputy Marquina, asked for the deferral of the consideration of that issue because he did not know the details. The vice-president of the NA, Congressman Guanipa, also abstained from voting along with his party,” he recalled.

No comptroller

Since Juan Guaidó became president of the interim government, the legitimate Venezuelan National Assembly has not appointed a comptroller to follow up on the management of resources despite some corruption scandals involving opposition deputies.

Deputy Alfonso Marquina said during the session that the vote should be deferred to “better develop the functions of prior and subsequent control” to avoid possible cases of corruption. However, other parties approved the funds despite the objection.

https://twitter.com/cnve24/status/1222217664195649536?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1222217664195649536&ref_url=https%3A%2F%2Fes.panampost.com%2Fsabrina-martin%2F2020%2F01%2F29%2Fsin-contralor-ni-consenso-asamblea-venezolana-aprueba-fondo-de-usd-20-millones%2F

Previous Post

Spain’s tarmac diplomacy may be sleazier than it looks

Next Post

Photo Confirm Guaidó’s Father Visited ‘Bolichico’ Castle Residence

Sabrina Martín

Sabrina Martín

Sabrina Martín is a Venezuelan journalist, commentator, and editor based in Valencia with experience in corporate communication.

Related Posts

Biden Inauguration: Pandemic Show in a Fortified City
Policy

500 Children’s Lives at Risk due to Hospital Closure in Venezuela

January 20, 2021
Kirchnerism, Determined to Destroy the Argentine Real Estate Market
News

Cuban Plan to Interfere in Colombian Presidential Elections Unveiled

January 19, 2021
Leopoldo López: From Political Prisoner in Venezuela to a Life of Luxury in Spain
United States

Proposal to Negotiate with Maduro Takes Shape in the Democratic Caucus

January 18, 2021
Leopoldo López: From Political Prisoner in Venezuela to a Life of Luxury in Spain
Cuba

Cuba Is at the Gates of a Black Spring

January 18, 2021
Leopoldo López: From Political Prisoner in Venezuela to a Life of Luxury in Spain
Spain

Leopoldo López: From Political Prisoner in Venezuela to a Life of Luxury in Spain

January 18, 2021
China Plans to Launch ‘Crypto-Yuan’ to Bolster Communist Regime’s Control
Asia

Partial WHO Delegation Arrives in China, Some Scientists Get COVID-19

January 15, 2021
Next Post
Photo Confirm Guaidó’s Father Visited ‘Bolichico’ Castle Residence

Photo Confirm Guaidó's Father Visited 'Bolichico' Castle Residence

Discussion about this post

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.