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Venezuela’s Oil Graft Probe Widens With 11 More Arrest Warrants

  • Ruling elite implicated in crypto-linked investigations
  • Prosecutors says ruling-party lawmaker among those arrested
Tarek William Saab speaks during a press conference related to the recent corruption scandal in Caracas on March 25.
Tarek William Saab speaks during a press conference related to the recent corruption scandal in Caracas on March 25.Photographer: Yuri Cortez/AFP/Getty Images
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Venezuelan authorities announced 11 arrest warrants on Saturday in a widening corruption probe centered on billions of dollars in missing oil revenue that has reached the ruling elite’s inner circle. 

Public Prosecutor Tarek William Saab said 21 people have already been detained for an alleged scheme to sell Venezuelan crude through the country’s cryptocurrency oversight agency without due payment to state-run oil company Petróleos de Venezuela SA. Joselit Ramírez, who managed crypto payments to state agencies, is among those detained, Saab said.