You are here

Venezuela says debt to Panama fraudulent

Monday, March 10, 2014
Venezuela Foreign Affairs Minister, Elias Jaua.

CARACAS—Venezuela’s foreign minister says 90 per cent of his government’s US$1 billion debt to Panama is fraudulent and criminal charges are likely to result. Elias Jaua says the government paid businessmen dollars for the imports and the goods never arrived. So Panama isn’t owed 90 per cent of the debt.


Jaua’s comments broadcast Sunday on the Televen television station come after Venezuelan President Nicolas Maduro broke relations with Panama last week over its call for the Organization of American States to discuss a crackdown on protests in Venezuela. He also froze economic transactions. Panamanian President Ricardo Martinelli has said he hopes Venezuela’s break in relations would not affect payment of its debts to Panamanian businessmen.





User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.

Guardian Media Limited accepts no liability and will not be held accountable for user comments.

Guardian Media Limited reserves the right to remove, to edit or to censor any comments.

Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.

Before posting, please refer to the Community Standards, Terms and conditions and Privacy Policy