Venezuelan ex-electric chief among 2 indicted in US

MIAMI — Authorities say two former Venezuelan officials have been indicted on U.S. money-laundering charges, including the ex-minister for electricity.

The Miami U.S. attorney's office said in a news release Thursday that 60-year-old Luis Alfredo Motta Dominguez faces seven counts of money laundering and one count of money-laundering conspiracy.

Prosecutors say Motta and 55-year-old Eustiquio Jose Lugo Gomez awarded $60 million in contracts to three Florida-based companies in return for bribes, most of which were laundered through South Florida financial institutions. Lugo was procurement director at Venezuela's state-run Corpoelec.

Authorities say the two are not in U.S. custody. It wasn't clear Thursday if they had U.S. lawyers to represent them.

Venezuelan President Nicolas Maduro recently replaced Motta as electricity minister after a series of blackouts struck the country earlier this year.


This story has been edited to correct spelling of Maduro. Will be updated.

You may also like these

Qantas bends to Beijing by describing Taiwan as...

Jun 5, 2018

Australia's foreign minister has expressed concern at Qantas Airways' decision to describe Taiwan...

Australia and Vanuatu to negotiate security treaty

Jun 25, 2018

Australia says it will negotiate a security treaty with Vanuatu, weeks after the Australian prime...

Australia bans Huawei from 5G network over...

Aug 23, 2018

Chinese-owned telecommunications giant Huawei has been blocked from rolling out Australia's 5G...

Australia shifts on refusal to send refugees to...

Oct 17, 2018

Australia's prime minister signals he could accept New Zealand's longstanding offer to resettle 150...

Australian PM rules out minor party deal to...

Mar 28, 2019

Australia's prime minister has ruled out any vote-sharing deal with an influential minor party in a...

Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]

Subscribe Now!