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View Full Version : PREPA, Petrobras, Shell Trading Accused of $1 Billion Plus Oil Fraud Scheme - ValueWa



FraudNews
02-24-2015, 06:50 PM
http://www.fraud-news.com//t1.gstatic.com/images?q=tbn:ANd9GcQlo0TENvWz5sHCXOzIlIfntCBp8pm8k WYRaLsLqCG0Z06G3l9yH2PbyFpi6rl5_P9wdoZUtBVN
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PREPA, Petrobras, Shell Trading Accused of $1 Billion Plus Oil Fraud Scheme (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHxPchD1xdvdVImG2l8moIOSU4oQQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778748868870&ei=FtbsVMjeLMW5wAHC54GYCA&url=http://www.valuewalk.com/2015/02/prepa-petrobras-scam/)
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The complainants accused PREPA, Petrobas and Shell Trading of committing an extensive fuel oil fraud scheme. According to them, the electricity distributor colluded with its fuel suppliers to raise energy prices in exchange of kickbacks and commissions.
UPDATE 2-Puerto Rico residents sue power authority, allege fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGlkL9NNPkv_TwWYks47PzcDPRfSQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778748868870&ei=FtbsVMjeLMW5wAHC54GYCA&url=http://www.reuters.com/article/2015/02/24/usa-puertorico-prepa-idUSL1N0VY1PL20150224)Reuters
Lawsuit alleges fraud at Puerto Rico power authority (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNE2UvvfxdDLRHDW5N0QxzIu3G3GXQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778748868870&ei=FtbsVMjeLMW5wAHC54GYCA&url=http://af.reuters.com/article/energyOilNews/idAFL1N0VY1PL20150224)Reuters Africa

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