Naman Wakil faces federal charges in $250M corruption plot in Venezuela
MIAMI – A man who lives in Miami’s Coconut Grove neighborhood bought 10 real estate properties, a $3.5 million plane, a $1.5 million yacht and other luxurious bribes to get access to at least $250 million in Venezuelan government contracts, according to the U.S. Department of Justice.
Special agents with the Miami field offices for U.S.
Homeland Security and the IRS accused Naman Wakil of also using U.S. bank
accounts during the alleged 2010-2017 scheme to get highly inflated contracts
with Venezuelan state-owned Corporación de Abastecimiento y Servicios Agrícola,
or CASA, and Petróleos de Venezuela, or PDVSA.
The scheme involved buying properties and transferring
ownership to shell companies. Among the properties agents investigated was
apartment 2605 at the Porsche Design Tower in Sunny Isles Beach. The
three-bedroom unit with ocean views was a $5.6 million pre-construction deal
that Wakil later transferred to Wakilisimo LLC about a year later, property
records show.
There were also several 1010 Brickell condos, and Wakil, 59,
also used shared company accounts in the Cayman Islands, Panama and
Switzerland, investigators found, according to the July 29 indictment. Wakil
also allegedly made money by inflating costs and having officials look the
other way. In one government contract, Wakil’s company charged $11.2 million
for pipes that he purchased in China for $1.3 million, according to the
indictment.
Wakil was arrested Tuesday and appeared in federal court
Wednesday to face charges of conspiracy to violate the Foreign Corrupt
Practices Act, conspiracy to commit money laundering, international promotional
money laundering, and three counts of engaging in transactions involving
criminally derived property, according to federal prosecutors.
By way of marriage to Ingrid Sayegh, Wakil was the
brother-in-law of Carlos Osorio, Venezuela’s former minister of food, according
to federal agents. The U.S. Treasury sanctioned Osorio after Venezuela’s
National Assembly audit commission alleged in 2016 that he was complicit in
swindling Venezuela out of up to $573 million through corruption in Venezuela’s
food program.
Assistant U.S. Attorney Michael Berger, of the Southern
District of Florida, and Attorney Alexander Kramer, of the Justice Department’s
Fraud Section, are prosecuting the case. Wakil has a pretrial detention hearing
scheduled at 10 a.m., on Friday, at the federal magistrate court in Miami. If
convicted, he faces up to 80 years in prison.
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