Forgery, using counterfeit documents, bribery, fraud and professional misconduct these are the charges brought against 22 people and entities following a pretrial investigation into a case of tainted fuel delivered to the state-owned lectricit du Liban to supply its plants. The Liberal Democrats have ennobled five donors and the Labour Party, two. BB Energy is one of the world's leading independent energy trading companies. Mossack Fonseca was listed as the registered agent for most of the companies. Some 22 of the biggest donors have gained a seat in the House of Lords in the past 11 years. INTRODUCTION AND BACKGROUND 3.1. Santiago De Cuba. There have been unconfirmed reports that Luis Alberto Rodriguez Lopez-Calleja divorced Deborah Castro Espin in recent years, but he remains in charge of Grupo de Administracin Empresarial S.A., (GAESA) and the governments signature port of Mariel development project. BB Energy Trading Ltd. BB House 12-14 Ansdell Street London W8 5BN United Kingdom T: +44 20 7938 0500 F: +44 20 7938 0501 www.bbenergy.com Page 1 of 2 ANTI-SLAVERY STATEMENT . Both Mr. Rahmeh and ZR Group have been subjected to a politically motivated witch-hunt underpinned by a campaign to distract from Lebanons political failings. MP and former Tory energy minister John Hayes has been paid 150,000 by oil firm BB Energy over three years. However, he expressed regret that the court system had not dug deeper. A convoluted email by a Cuban lawyer for Tecnica Hidraulica, registered in the British Virgin Islands (BVI), showed all its shares were held by Cubas Tcnica Hidrulica, S.A. The Venezuelan companys shipping schedules showed that Reliance was loading a cargo from PDVSA as recently as April 20. In particular, the expensive refurbishment of the Downing Street flat. In view of the foregoing debate, were forced to return to the commercial relationship between Sonatrach and the Lebanese Ministry of Energy, and the pressure exercised by former Sonatrach CEO, Abdelmoumen Ould Kaddour, to adopt ZR Energy trading company as a second intermediary besides Baha Bassatne, as a supplier in the Algerian companys name; the thing that occurred a year and a half before opening the file. The proposed payment mechanism is the latest sign of the growing proximity of Venezuelas cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. Following a scandal over the delivery of tainted fuel to the state-owned lectricit du Liban, 22 defendants will appear before the criminal court that upheld the charges, which include accepting bribes and forgery. This means that the judiciary has ruled pro forma for now. Ltd. and Singapore-registered PowerCo International Pte. If youre rich and want a place of power in politics, donate 3 million to the Conservative Party and youre likely to gain a peerage. The U.S. Treasury Department declined to respond to a request for comment. The PDVSA source said the agreement had received the consent of all three parties and was being executed. Plus, it is still not taking any of the precautions necessary today. One of the more intriguing schemes mentioned in the documents puts Cuba at the heart of a deal to sell Russian oil to Latin America through a company registered in Panama by the Bassatne family. Stakeholders in renewable energy value chains include not only manufacturers, suppliers and users but also government agencies, financial institutions and private technology companies, as well as informal local networks. Every time something was purchased in dollars, it could not be done because the Cuban checks in dollars were automatically canceled because the dollars belong to the U.S. Federal Reserve, the source said. Overview of anti-corruption in the renewable energy sector The renewable energy sector is a rapidly growing market that is crucial to increasing access to energy and supporting climate change mitigation. Whatever youre interested in, theres a free openDemocracy newsletter for you. He was one of the witnesses in the pretrial investigation. 2022 LOrient-Le Jour All rights reserved. Thats why the Tories manage to survive scandal after scandal. 1) BB Energy Holdings N.V., Curaao Our holding company involved in global Oil & Gas trading activities and owns the below subsidiaries: BB Energy Trading Ltd., London Europe and the Mediterranean region BB Energy (Gulf) DMCC, Dubai Middle East, Arabian Gulf, Red Sea, East and South Africa, Pakistan, Western side of India and the CIS Employees are required to act honestly and ethically when dealing with business counterparts. Ltd., BB Energy (Gulf) DMCC and BB Holding S.A.L. A lawyer for Panamericana, Katiuska Peado Moreno, and a former commercial attach at the Cuban embassy in London, Alejandro Gutirrez Madrigal, are listed as the beneficiaries of shares in Miramar Investment Corporation Ltd. worth $50,000. The Public Prosecution in Mount Lebanon has triggered a heavy-caliber scandal, by arresting two dealers who were supposed to supply the Lebanese Electricity Company with Algerian fuel used in generating electricity. It is assumed that companies will have more trust in documents certified in Switzerland than in Cuba.. Billions of dollars have been siphoned off annually into political largesse and party war chests. The relationship between the BB Energy Group and Petroecuador appears to have lasted until recent days. We fully anticipate that the final charge will also be dismissed, he said. The documents reveal previously unknown details about the Cuban governments economic maneuvers abroad and the foreign companies that do business with Havana as some of the firms tried to hide Cubas hand in business deals to skirt the U.S. embargo. One of the markets may have been Ecuador. Four high-level suspects, including Hleiss, and Teddy Rahme and Ibrahim al-Zouk of ZR Energy, did not respond to court summons and arrest warrants were issued for them. The leaked documents confirm the existence of these types of foreign companies, with at least partial Cuban government capital. But the stench of corruption was too much. Since the Tories takeover of parliament in 2010, nine of the partys former treasurerswho donated huge amountswere given a position as a Lord. Its official address is the same as that of BB Energy Trading: 140 Brompton Rd., London, SW3 1HY, United Kingdom. The Lebanese judiciary expanded investigation into the fuel import file, and considered that the Algerian company charges commissions just because it is a front for the actual fuel supplier. Their combined donation amounts to a total of 54 million. All the other commercial activities were not affected by any sanctions because these regulations do not exist as such, he wrote in an email, adding that Mexico, Canada and the European Union have laws prohibiting their citizens and companies from obeying U.S. sanctions on Cuba. Its worth mentioning that influential Lebanese politicians, from both ends, support these companies and compete to impose them as fuel importers. One Bloomberg report showed BB Energy had $10 billion in revenues in 2012. He receives a salary of 25,000 a year. The BVI company was dissolved in 2015. Laurence Robertson . The spoiled fuel scandal is a result of the commercial practices of the Sonatrach executives in collusion with Lebanese merchants, both of which were condoned by the relevant authorities in both Algeria and Lebanon. Under the new approach described to Reuters, Venezuelan state oil company PDVSA has at least twice asked its clients to make payments to Rosneft for Venezuelan oil, according to the documents. The judiciarys opening of this file occured to the beat of a political debate that the judiciary does not seem to be far from, especially as opening such a file occurred according to a report presented by the leader in the the Aounist party, lawyer Wadih Akl, and investigations were conducted by Judge Ghada Aoun. Please enable JavaScript in your browser to submit the form, - | 01.03.2023. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them. Few traders had room to receive physical barrels at Cushing. The offer letter, seen by Reuters with its date redacted, said that Rosneft had agreed with PDVSA to pay BB Energys $26 million debt to the Venezuelan state oil company and then to seek payment from BB Energy via a bank transfer or an equivalent oil cargo. BBE Renewables was established to diversify from Oil & Gas by investing and financing renewable projects. The Lebanease newspaper, Al-Akhbar, published a tweet by the Former Energy Minister, Nada Boustani, in which she spoke of ministerial reports confirming the poor quality of fuel and demanding to go on with punitive measures against the suppliers. Published by Larkham Printers & Publishers Ltd, Correspondence address: PO Box 74955, London E16 9EJ | company registered in England & Wales, number: 1335756, registered address: 71-75 Shelton Street London WC2H 9JQ. Lucia Kassai and . Records of a meeting in Dubai in March of 2011 reflect a decision to significantly reduce the capital of BB Naft, held by BB Energy Holdings NV., from $8 million to $1.050 million. BB Energy Group has invested in Gasmeth Energy Global, a company focused on the responsibly extraction, processing, and distribution of methane gas from Rwandas Lake Kivu, one of the African Great Lakes. Hayes recently opposed a plan to bring forward a ban on selling new petrol and diesel cars. The UK energy industry is facing a wave of bankruptcies amid a gas supply crunch that has sent electricity prices soaring, leaving suppliers vulnerable . Other leaked Mossack Fonseca documents show the interwoven complex of offshore companies created by the Cuban government to import and export goods and invest funds abroad with the assistance of the Panamanian law firm. Subscribe to our newsletters and offers. The family controls BB Energy, a conglomerate founded in Lebanon in 1937 that buys and sells 16 million metric tons of crude and derivatives each year. The long list of companies linked to the Cuban government or active in Cuba also includes Sanford Management Financial Ltd.; Commercial Mercadu S.A. (linked to Panamericana); Amadis Compaa Naviera S.A.; Seagull and Seafoods, S.A.; Mavis Group S.A.; Octagon Industria Ltd; Travelnet; and Venus Associates Inc., among others. Behind the scandalous lies and appalling plunder by the political elite and their business backers lies their drive to profit from pandemic suffering. The branch he was managing, which was a subject for the report of the General Inspectorate of Finance, was dissolved. Although Labour can now pick up on details of outrageous behaviour, it never offered a different strategy to that which put people before profits during the horror of the pandemic. Multimillionaire donors seem almost guaranteed a peerage, according to a report by the Open Democracy thinktank and the Times newspaper. When he was appointed, Hayes said he would advise the company on strategic plans in the context of changes in the worldwide energy market. They include BB Energy Trading Ltd., BB Energy Management S.A., BB Energy Holdings NV., BB Energy B.V., BB Energy (Asia) Pte. In his self-pitying resignation letter he blamed the cruel world of politics. The new certificates, for 800 shares, were to be issued in the names of 10 members of the Bassatne family, including 160 shares for Riad Bassatne. Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region's best source of business information. The Bassatne family incorporated BB Naft Trading S.A. in Panama, with Jrgen Mossack as a director. Miramar Playa. Panama Papers: Secret buyer seals deal for South Beach condo, U.S. investigated energy weapon, even aliens, but Havana Syndrome origin still unclear, Amid controversy, Biden administration shortens visit by Cuban Border Guard officials, Rubio questions planned visit by Cuban Border Guard delegation to Washington next week, Facebook takes down hundreds of fake accounts linked to the Cuban government targeting critics, A silent crisis: Miami experts discuss recent migration in South Florida at Herald townhall, Did a U.S. rapper make it rain money in Havana? Tory MP Owen Paterson announced his resignation last week following revelations of his shameless lobbying for big businesses. In an email, an official wrote that Matt Hancock, health secretary at the time, would send a letter to universities asking for loans of the various things we need. Baha Bassatne remained the sole Sonatrach broker until Abdelmoumen Ould Kaddour was appointed general manager of the company and imposed another intermediary. MEXICO CITY (Reuters) - (This April 18 story corrects to make clear Reuters could not determine payments were made under the proposed arrangement, removes reference to Evrofinance Mosnarbank and clarifies that experts see no violation of sanctions). This is ostensibly because it was hard for the judiciary to find evidence linking ZR Energy DDMC and ZR Group Holding SAL, despite the testimonies collected by Mansour. It is noteworthy that Mr. Fawal is not authorized to sign the companys contracts, and he assured the Lebanese judiciary that he is merely a representative of Sonatrach in the negotiation processes, and not in concluding contracts. He has also compared climate activists to radical Islam. Hayes, who was once described as the champion of the motorist during his time as a transport minister, also recently contributed to a report critical of the government's net-zero policies. The government was forced to go back on itself and announced there would be a vote on Patersons suspension. the Home Energy and Conservation Act (HECA) report in Appendix 1. As Johnson announced Covid safety restrictions in March 2020, the government handed Randox a 133 million contract to manufacture Covid tests. Testimonies collected by Mount Lebanon Investigative Judge Nicolas Mansour as part of the preliminary investigation pointed to suspected shady deals to forge lab tests for the fuels quality specifications, and to the involvement of employees at the labs as well as senior officials at the Energy Ministry, including the director-general of oil installations, Sarkis Hleiss. His register of interests says he currently earns 50,000 in the role, for about 11 days work a year. Tory whips threatened MPs with the loss of local funding unless they fell into line. The response of Sonatrachs representative in Lebanon, Tarek Fawal, was quick, as he declared the companys willingness to cooperate with the Ministry of Energy to resolve the issues related to what he called the lack of conformity of the last shipment of fuel to the specifications, noting that this shipmentestimated at 38,000 tonswas examined by three different international offices who confirmed that it in fact met the specifications stipulated in the contract. SECURITYIn Tunis, Mawlawi reassures Saudi counterpart on Lebanons continuing fight against drug trafficking, DIPLOMACY Belgium PM tells Iranian leader to free aid worker, PRIVACY Moroccan activists join WhatsApp suit over Pegasus spyware, Support L'Orient Today with a digital subscription starting $1. He added that in 1996 there was agreement on a triangular Russia/Cuba/Naft Trading S.A. deal to deliver Russian fuel to other markets for a number of tens of millions of US$.. Independent MP Paula Yacoubian told LOGI that she believed Lebanese and Algerian mafias were involved in a corruption scheme tied to the fuel imports. Corruption and sleaze hard-wired into Johnson and Tories, The Sun rises on Starmers appeal to media and bosses, Covid report finds deadly failings but lets Tories off the hook, 43,000 people given the wrong Covid test results, Rich get the government to do what it is paid for, New secret club of millionaire Conservative donors revealed, Scottish teachers strikes successand English regional strikes hit hard, Strikes hit Sri Lanka against new austerity drive, Teachers across the north of England walk out over pay, Secret cop unit should have disbanded, inquiry finds. The publication was sponsored by Global Warming Policy Forum, a think tank founded by climate change denier Nigel Lawson. Riad Bassatne and his son Wael remained owners of the remaining shares. A former Conservative minister who has criticised climate change policies and joined calls to restart fracking has been paid 150,000 by an oil firm, openDemocracy can reveal. It held all the shares of Euro Foods Ltd., which was registered in the Bahamas and in turn represented ALIMPORT. Starting in the early 1990s, Cubas Ministry of Foreign Trade, through the Compaa Panamericana S.A, used Mossack Fonseca to create a string of disguised companies in Panama, the Bahamas and the British Virgin Islands that bought and sold medicines, cigars and food. We made a separate appeal to examine the contract with Sonatrach, but it was rejected. All individuals involved in this initiative - including co-founders, advisory board members, and experts - are serving in their personal capacity. Beefing up global enforcement around corruption The Cuban military is estimated to control at least 60 percent of the islands economy. Asked about Rosnefts offer and the fuel cargo payment, a spokesman for BB Energy said the company had not completed the transaction, under guidance from legal counsel. Parliament is an unrepresentative, unaccountable front that covers for the real relations of power. El Nuevo Herald identified at least 25 companies registered in the British Virgin Islands, Panama and the Bahamas and linked to Cuba. That the energy industry carries heightened corruption risks is well documented: when the OECD analysed 427 anti-bribery enforcement actions in 2014, they found that almost one in five related to the extractive industries. Surprisingly, the contract, long presented as a state-to-state agreement, was in fact signed with Sonatrachs offshore subsidiary, which is registered in the British Virgin Islands. Add your voice to our engaged subscriber community and be part of the change. The findings of another inquiry by the Electoral Commission was handed to the Tories just before the government attempted to smash up the existing standards regime. The leaked documents also show that Guillermo Faustino Rodrguez Lpez-Calleja, brother of Gen. Luis Alberto Rodrguez Lpez-Calleja, was appointed in 1999 as a director of Pescatlan S.A., a company incorporated by Mossack Fonseca in the British Virgin Islands in 1991 with an initial capital of $50,000. Image: Cables of the electric generators in the Lebanese capital BeirutCredit: ANWAR AMRO/AFP via Getty Images, except East and Southern Africa & West and Central Africa. In an effort to save him even this punishment, Johnson instructed Tory MP Andrea Leadsom to put forward an amendment and set up a committee to prevent his suspension. Sonatrach has been involved in at least two major corruption cases in the past decade, both of which involved the payment of bribes to company employees and officials. At parliament we will try to make sure that high level responsibility is also explored - including all the ministers who stayed silent over the years., Fuel import scandal shows why transparency matters. The latter said in a televised address that he discouraged Hleiss, one of his childhood friends, from going to the court. The council set a target of reaching net zero carbon emissions for the borough by 2030. Russia has loaned Venezuela almost $16 billion since 2006, which is being repaid in oil shipments, and has also taken significant stakes in petroleum projects, meaning it already controls a large slice of the South American countrys production. The need for transparency in that case is even more pressing given the fact that the director of the Oil Installations, Sarkis Hleiss, is at the center of investigations into the fuel import scandal. But campaigners say that questions will always be raised when MPs take second jobs. The Panama Papers show Dupont-Willemin as a director of a total of 49 offshore companies in the British Virgin Islands, five in Panama and two each in the Bahamas and Seychelles islands. Following the publication of Reuters report on Thursday, Reliance said in its statement that it had purchased Venezuelan crude oil from Rosneft long before the imposition of U.S. sanctions on PDVSA in January, as the Russian company received oil in return for a reduction in Venezuelas debt. Such deals, however, may be authorized by the Treasury Departments Office of Foreign Assets Control or the Commerce Departments Bureau of Industry and Security. The development has had mixed reactions. We are committed to acting as a model corporate citizen at all times and benefitting the local communities in which we operate. They include Petrobras, Vitol, and Glencore Limited. . During his time as energy minister, Hayes caused controversy by refusing to support any further expansion to onshore wind power, describing wind turbines as a terrible intrusion. The arrangement would also allow the cash-strapped Venezuelan state company to receive faster payment, sometimes avoiding the usual 30-to-90 day timeframe for completing oil transactions. If you have any queries about republishing please contact us. Translation by Joelle El Khoury. In 1963 they entered the oil sector in Lebanon and were primarily involved in local marketing of oil products and importation of Bitumen. Photographer: Patrick T. Fallon/Bloomberg. The efforts to hide the Cuban governments hand in the offshore companies means that its officials, lawyers and other employees used as stand-ins could eventually become the effective beneficiaries of the shares in those companies. Judge Aoun has charged 12 people in the case, including Electricite du Liban director-general Kamal Hayek for negligence of duty, and Hleiss and director of oil at the energy ministry Aurore Feghali for bribes and negligence of duty. The Public Prosecution Office began investigating them to the backdrop of the ongoing debate, in Lebanon, over spoiled fuel bought by the electricity company from the Algerian oil company, Sonatrach, which ranked thirteenth in the ranking of oil companies in the world. Ltd., after several rounds of negotiations with a number of companies, the official added. The Cuban government also hid its control of offshore companies by creating still other limited liability companies whose sole objective was to appear in registries as owners of the offshore companies and disguise Cubas hand in them. Reporting by Marianna Parraga in Mexico City; Additional reporting by Luc Cohen in Caracas, Nidhi Verma in New Delhi, Julia Payne in London; Editing by Daniel Flynn, Simon Webb,David Gaffen and Marguerita Choy. Lebanese judicial sources told Daraj that the investigation will not be limited to the technical specifications of fuel, but will also include the commissions Sonatrach is making. BB Energy boasted of making record profits in 2020 in its annual report, writing that it had successfully captured market volatility caused by the pandemic. Wars, natural disasters and economic downturns have historically exposed children to the danger of trafficking and illegal adoption. The upgrade of the Number 10 flat is now expected to be the subject of another inquiry. Instead of seeking to polish and rescue parliaments reputation, Labour and the unions should be campaigning for a complete clean out of corrupted MPs. According to the Dubai commercial register, ZR Energy DMCC is fully owned by Zaouk. Companies registered abroad are legally not Cuban, according to the source, and could be used for dollar-denominated transactions. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. Last month, he also joined calls from Tory MPs to allow shale fracking to resume in the UK. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. In response to Reuters story, Rosneft has denied it has acted as an intermediary for payments to PDVSA. Three of the four experts said the U.S. Treasury had the latitude to act against companies or governments it deemed to be providing material support to a sanctioned entity, like PDVSA. Much of the Mossack Fonseca correspondence on those companies involves updates of company registries and boards of directors, payment of fees and requests for letters of financial status required to open bank accounts or sign contracts. Then Paterson resigned, cancelling future parliamentary votes. One Bloomberg report showed BB Energy. Dominic Cummings, Boris Johnsons former senior adviser, says that the attempt to discredit the system that found then MP Owen Paterson guilty was really about the PM and his own lies. The PDVSA source said that Rosneft credited PDVSA the amount, minus an undisclosed fee, and then started talks with BB Energy to recover the sum it advanced PDVSA. The contract may be summarized as follows: Sonatrach will give its name to the shipments of Baha Bassatne, who buys fuel from the Swiss company Vitol, for 3.5 dollars per metric ton, while he makes 25 dollars as profit in his deals with the end customer in Lebanon. BB Energy bought oil on the day prices turned negative. Pakistan ranks 140th in Transparency International's Corruption Index 2022 . In recent years, the company has become increasingly active in LPG and LNG. But so much of the criticism is phrased as a defence of parliamentary standards and the good name of British democracy. BB Energy, which has a strong presence in Arab and African markets (see here ), has been embroiled in a legal spat in recent months with Saudi-Ethiopian businessman Mohammed Hussein Al Amoudi. : . John Hayes earns 50,000 per year as a strategic advisor for BB Energy, a major trader in crude oil and other petrochemical products. The Cuban government used the Panama law firm involved in the Panama Papers to create a string of companies in offshore financial havens that allowed it to sidestep the U.S. embargo in its commercial operations. These high paid speeches have addressed bank JP Morgan Chase and World 50 Incan exclusive club for senior executives. In 2003, for example, BB Naft agreed to guarantee and meet the obligations of a loan obtained by BB Energy (Asia) Pte Ltd. from the Standard Chartered Bank of Singapore. This is why parliament cannot be relied on for fundamental climate action. For its part, ZR Energy DMCC denied any involvement in illegal practices. ZR Energy DMCC wrote on its website, ZR Energy DMCC and Mr. Zaouk are incidental victims of this sinister power struggle.. This story was originally published June 7, 2016, 10:06 AM. This case points to the rampant corruption in the sector. Mango madness in IndiaSouth Asia diaspora reporter Gaggan Sabherwal shares the story of the Indian couple whove employed security guards after discovering they had planted an extremely rare mango tree by mistake at $50 a mango they aren't taking any chances! Formed in the 1960s, the group's activities span six continents. This article was originally published in French. Tell Grant Shapps to stop giving away Emissions Trading Scheme permits, Former energy minister John Hayes, who has likened climate protesters to Radical Islam, has received a 50,000 salary from BB Energy since 2018. What's more, one of the Algerian state-owned energy firm's subsidiaries has found itself in the crosshairs of a Lebanese court. Copyright 2023 BB Energy. On April 15, Wadih Akl, a lawyer affiliated with the Free Patriotic Movement, filed a complaint to the Mount Lebanon public prosecutors office in which he alleged that a fuel quality report for one of the tankers had been forged. Sonatrach has been involved in at least two major corruption cases in the past decade, both of which involved the payment of bribes to company employees and officials. Starmer even chose last week to announce that Labour was no longer in favour of abolishing the House of Lords. Ukraine's track record of massive corruption in energy is a sadly familiar story. Companies with Cuban capital or activities on the island. Corruption takes many forms, ranging from grand corruption - the capture of high office of government by elites and the uses of these offices for private gain - to "petty" corruption - the use of bribes or other The internal PDVSA document reviewed by Reuters showed the Venezuelan state oil firm asked Reliance to pay for oil sales under the long-term contract via Rosneft Trading SA, the Geneva-based trading unit of the Russian oil giant. Yours faithfully, Kalim Rahman. They have not been called to account for the 37 billion spent on a failing test and trace system. Corruption in the Energy Sector Corruption has been defined by Robert Klitgaard3 as "the abuse of office for personal gain". The Lincolnshire MP recently criticised the governments plan to bring forward a ban on selling new petrol and diesel cars, saying that a delay would allow fossil fuels to become even cleaner. , natural disasters and economic downturns have historically exposed children to the Dubai commercial register, ZR Energy is! The Bahamas and in turn represented ALIMPORT Sonatrach broker until Abdelmoumen Ould was! Register of interests says he currently earns 50,000 in the pretrial investigation Electricity, oil & ;... Appalling plunder by the political elite and their business backers lies their to. Control at least partial Cuban government capital pretrial investigation contract with Sonatrach, but it was rejected until Ould! Be a vote on Patersons suspension has become increasingly active in LPG and LNG Bassatne! 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