Venezuela Lawmaker Asks SEC to Probe Goldman's ‘Hunger Bonds’ Deal
- Cites alleged violations of Foreign Corrupt Practices Act
- $150 million are missing, lists ‘number of irregularities’
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The head of Venezuela’s National Assembly asked U.S. authorities to investigate a $2.9 billion bond deal involving Goldman Sachs Group Inc. and Nomura Securities Co., saying the transaction fleeced the country for the benefit of political elites.
Julio Borges, an opponent of President Nicolas Maduro, addressed letters to the U.S. Securities and Exchange Commission, the Financial Crimes Enforcement Network and Financial Industry Regulatory Authority asking officials to undertake a probe. The letters were posted by opposition lawmaker Angel Alvarado, a member of the National Assembly’s Finance Committee.