Venezuelan Media Mogul Indicted in $1.2 Billion Laundering Scandal

Raul Gorrin Belisario, a Venezuelan television news network owner, has been indicted for his involvement in a $1.2 billion money laundering scheme. The U.S. Justice Department accuses him of laundering funds from Venezuela's state energy company, PDVSA, in exchange for bribe payments to officials.

A Venezuelan media mogul, Raul Gorrin Belisario, has been indicted on charges of participating in a $1.2 billion money laundering scheme, as announced by the U.S. Justice Department on Wednesday.

The indictment from a federal grand jury in Florida accuses Gorrin, 56, of laundering funds corruptly obtained from Petróleos de Venezuela S.A. (PDVSA), Venezuela's state-owned energy company.

The Justice Department alleges that Gorrin facilitated the exchange of hundreds of millions in bribe payments to Venezuelan officials as part of this extensive financial fraud.