Maduro administration declares ‘war’ on high level oil sector corruption

Consistent with the widely held view that relatively poor countries that find themselves sitting, often unexpectedly, on significant volumes of oil almost often slide into a condition of graft and corruption, the Venezuelan government would now appear to have officially embraced that truism, its National Assembly recently moving to unanimously approve a piece of legislation known as the Asset Forfeiture Act (AFA), which allows the authorities to confiscate assets obtained by corruption and use them to finance social programmes infrastructure and public services.

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