Daily Archives: June 25, 2017

Rampant corruption inside Bolivian government: Ex-chief of Bolivian state oil firm detained for questioning

Reuters reports via Nasdaq:

Ex-chief of Bolivian state oil firm detained for questioning

LA PAZ, June 20 (Reuters) – The former president of Bolivian state oil company Yacimientos Petroliferos Fiscales Bolivianos was detained for questioning by prosecutors in La Paz, days after he was sacked by the government over allegations around a flawed contract process.

The former chief, Guillermo Acha, voluntarily gave a statement to the public prosecutor on Monday afternoon, then was arrested and held in jail overnight, said his lawyer Hector Castellon, who called the arrest “abusive and arbitrary.”

He is being investigated for “anti-economic conduct,” contracts that were harmful to the state, undue use of influence, concealment, and failure to comply with duties, said Castellon.

“I am innocent. I have not committed any irregularity,” Acha told reporters before his arrest. He is due to attend a hearing as soon as Tuesday.

Last week, Acha was dismissed by leftist President Evo Morales, citing a drilling contract that was canceled after investigators raised questions over irregularities in the bidding process. [nL1N1JC0K2] (Reporting by Daniel Ramos; Writing by Rosalba O’Brien; Editing by Jeffrey Benkoe) ((rosalba.obrien@thomsonreuters.com, Twitter: @rosalbaob; +56 2 23704250; Reuters Messaging: rosalba.obrien.thomsonreuters.com@reuters.net))


The backbone of the coca grower caudillo’s government has been the gas export revenues. After eleven years of total control of ALL State powers and having wasted over $160 billion dollars, this government has failed big time!

No new wells were discovered, no important investments were made, and of course not a single sustainable job was created under this ochlocracy.