U.S. sanctions target food subsidy scam in Venezuela

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U.S. sanctions target food subsidy scam in Venezuela
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The United States imposed sanctions on Thursday on 10 people and 13 groups in a ...

WASHINGTON - The United States imposed sanctions on Thursday on 10 people and 13 groups in a Venezuelan food subsidy scheme that lined the pockets of President Nicolas Maduro, his stepsons and others while ordinary Venezuelans suffer food shortages, the U.S. Treasury said.

Saab bribed Maduro’s three stepsons to win no-bid, overvalued government contracts, said Sigal P. Mandelker, under secretary for terrorism and financial intelligence. The department said Saab became involved with the food subsidy program in 2016, when he set up a corporate structure to acquire food outside the country and ship it to Venezuela.

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