Right-Wing Venezuelan with Ties to US in New Panama Papers
Right-Wing Venezuelan with Ties to US in New Panama Papers
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Eligio Cedeño, the banker whose named appeared in the Panama Papers, pictured here in a photo from El Impulso.
| Photo: EFE
Published 9 May 2016
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Edmond Saade, the ex-chair of a non-governmental organization with ties to U.S., has been implicated in the leak
One of the Venezuelan names that stands out in today's Panama Papers revelations is Edward Saade, the ex-chair of the Venezuela America Chamber of Commerce and Industry, a non governmental organization that has existed for 65 years and encourages cooperation between Venezuela and the United States.
Saade was regularly featured in WikiLeaks' Cablegate meeting with the U.S. Embassy. He described the Venezuelan economy to the U.S. Embassy political officer in 2010 as "'very fluid with rising inflation, growing food scarcity, insecurity, and a looming breakdown of the national health care network."
Judging by the text from the cables, the U.S. officials at the embassy in Caracas trusted his word. "The government's standing is being affected by these problems but Saade discounted the possibility of an effective government response (sic)," the cable continues.
More:
http://www.telesurtv.net/english/news/Right-Wing-Venezuelan-with-Ties-to-US-in-New-Panama-Papers-20160509-0055.html
