Tag Archive for: company

havana-live-exploracion-petroleoHAVANA, July  5 (acn) Seven citizens, including an Argentinean, were given up to 13 years of prison in Cuba after being convicted with corruption in a Cuban oil company, which was inflicted huge financial loss and damage of 14 crude oil wells.

A Cuban televisión report said this week that Argentinean Emilio Enrique Cotter, representative of the Uruguayan DFS company was given 10 prison years, while the rest of those involved in the corruption case, all Cubans, were given from 2 to 13 years.

The event dates back to mid 2009 and the defendants were convicted for bribery, acts in the detriment of economic activity or contract processing, failure to meet their duties in economic entities, abuse of authority and falsification of private documents.

Cuban State Security official Eduardo Perez said that the corrupt mentality of the Argentinean Emilio Cotter led him to bribe some of the Cubans, but that there are clues that Cotter´s real aim could have been that of damaging Cuban economy, since he could not justify the source of the money he would give the Cubans or the legal domicile of the DFS company in Uruguay.