The CVG’s ad hoc board of directors presented its management report to the 2015 National Assembly this Monday, February 13. Dick Souki, who presented the management report, indicated that a lawsuit is still active in Spain to recover resources from the company. On the other hand, the BOD subsidiary in Antigua owes $4.8 million to the state company
By Brian Contreras and Ahiana Figueroa
the board of directors ad hoc of the Venezuelan Corporation of Guayana and the administration of Nicolás Maduro are in a legal battle to maintain control of CVG Internacional América, which since 2020 has been administered by the interim government chaired by Juan Guaidó.
As reported by the members of the board of directors ad hoc of the CVG before the National Assembly of 2015led by the deputy Dinorah Figuera, the Maduro administration took advantage of the absence due to the death of the president of the board ad hoc of CVG International and from CVG América located in Madrid, Spain, to appoint María Rosario Falcón as its representative in the state company.
«They managed to obtain the death certificate of the president of the ad hoc board of the CVG (Enrique Castells) and appointed the previous administrator, María Rosario Falcón. We are carrying out actions at the Madrid notary’s office. We appointed the president in charge and last December we appointed Fernando Goenechea as sole administrator so as not to allow the money to be lost. We are acting through a law firm.” said Dick Souki, director of the CVG.
Castells, as representative of the interests of the 2015 National Assembly, explained to the Spanish financial institutions that in September 2019, Petróleos de Venezuela moved its European office from Lisbon (Portugal) to Moscow (Russia), for which reason “there were very There are well-founded indications that the same thing happened with CVG Internacional Filial Europea SL”, according to Guaidó in 2020 in a public address.
In this sense, the interim dismissed the representative of the Maduro government, María Rosario Falcón Maldonado, as the sole administrator of CVG Internacional Filial Europea, and replaced her with Castells, already registered in the Spanish Mercantile Registry as sole administrator of the company.
«The directors of CVG Internacional América have to maintain ourselves to keep the litigation active in Madrid. The litigation is ongoing and we are acting through our lawyers to recover the money,” he stressed.
In the management report that was presented this Monday, February 13, before AN 2025, Souki added that the work of the team designated in the directive ad hoc consisted of knowing what the state-owned CVG had abroad, incorporating professionals and technicians in different sectors. «The idea was to insert proposals in the country plan and we connected with Guyana, with associations and professionals. In addition, in parallel, we work on asset protection through CVG Internacional CA, owned by CVG Internacional América and its subsidiary CVG Internacional Europea. Its function is to buy equipment, spare parts for basic companies and supply technology.
He stressed that by assuming responsibility as a board ad hoc, The first task was to recover the CVG office in Miami in the US. We ask the interim government the need to designate a board of directors of CVG international. “We could not achieve that and given the risk that the Maduro administration would withdraw money from banks in Europe and the United States, we ourselves appointed the directors.”
Regarding the Alunasa company in Costa Rica, Souki indicated that the interim government was insisted on the need to designate a board of directors, taking advantage of the fact that this country maintained good relations with the interim government. “We sent a detailed report of all the bad practices of the previous management (Maduro government). This business is currently closed. We read that the Costa Rican government was trying to pay labor liabilities to reactivate it because it is very important for a sector of the population.
He explained that the board of directors ad hoc He met with the representative of Venezuela in Costa Rica and we talked about the possibility of rescuing the company. “It depended on the supply of Venalum and CVG Alcasa, which do not produce enough aluminum to send to Costa Rica and we were not able to recover it. There was a lack of interest on the part of the interim government, that company could have been recovered.
Financial resources:
– In Cajamar (bank in Peru): an amount of 4.5 million euros (1,340,000 euros in a fixed term and 15,800 dollars).
– In Sabadell (bank in Spain): an amount of 5,900,000 euros, 6,300,000 euros in a fixed term and 3,300,000 dollars.
– In BBVA (bank in Spain): an amount of 1,200,000 euros, 2,000 dollars.
– In BOD Branch in Antigua: CVG had 4.8 million dollars. The Board Law Firm ad hoc de la CVG made contact with Víctor Vargas, owner of the BOD and said that the resources could not be recovered because the bank had fallen into bankruptcy.
– Check in dollars from a US bank for 460,000. A cashier’s check that we were able to recover from CVG America.
For his part, William Suárez, board director ad hocpointed out with respect to CVG Internacional América and Alunasa, that all the technical financial runs were made to see if they were positive, to reactivate them to obtain more foreign currency for the interim government and to help the country.
«In all the runs that were made on CVG America it was positive. It is a management company for the purchase and sale of resources and storage, custody and transportation. All efforts were positive. The large portfolio of customers and suppliers favored the analysis. It was going to be to send to and from any country in the world. We never had the approval of the reactivation by the interim and the AN. Recurring requests were made,” he said.
He highlighted that in Alunasa all the financial technical analyzes were carried out to start it up and it produces aluminum laminate, a material that gives aluminum added value. “The resources to pay the outstanding debt are around 30 million dollars. We contact companies outside of Venezuela to supply aluminum to the private sector. It is feasible to restart and start it up. We requested to appoint a board of directors and the entire process for the restart, but we did not receive any type of response, neither positive nor negative. It was up in the air.”
Suárez explained that the custody of CVG Internacional América has been “a struggle of forces between the regime and us. At times they took away our sole administrator, we restored it, with the death of Castells they replaced it and at this time we do not have a formal representation to appoint a sole administrator. If they manage to liquidate the company in a short time, they take all the money. These are the steps that we are making with our firm so that, if they liquidate it, they will have to pay us the percentage of the shares that we have in America. If there is no more action, that will not be able to be achieved.
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