Asset Recovery Watch

ARW-247
Jose Luis Ramos Castillo / Petroleos de Venezuela S.A. (PDVSA)
Venezuela
Superintendent of Purchasing and other purchasing related positions (Ramos, about 2002-Sept 2013)
Asset Location / Alleged Asset Location
2015
Ongoing
Art.16
Criminal Forfeiture (by the United States)
Ongoing
Before Court of First Instance
Unknown ("Funds on deposit in an account at Royal Skandia Life Assurance Limited with an account number ending in 4800, held at Isle of Man." (Supplement to Notice fo Forfeiture filed April 29, 2016))

According to the Information filed in his case, Mr. Ramos, a resident of Venezuela and then Texas, was employed by the Venezulan state-owned oil company Petroleos de Venezuela S.A. or its affiliates from 2002 to 2013.  During that time he held various positions related to purchasing including as Superintendent of Purchasing and Purchasing Manager with responsibility for selecting companies for bidding panels.  (US v. Jorge Luis Ramos Castillo, Case No. 15-cr-636 (SD Tex), Information filed November 24, 2015.)   As of June 2016, three US based businessmen and three former employees of PDVSA have pleaded guilty to various charges relating to a scheme in which the businessmen paid bribes in order to win contracts at the state-owned oil company.  (Source: US Department of Justice, "Businessman Pleads Guilty to Foreign Bribery and Tax Charges in Connection with Venezuela Bribery Scheme," June 16, 2016.)  In April 2016, a  supplement to notice of forfeiture was filed against four real properties in Miami-Dade County, Florida and funds (unspecified amount) held in deposit in an account at Royal Skandia Life Assurance Limited, held at Isle of Man.  (Source:  US v. Ramos Castillo, Case No. 15-cr-636 (SD Tex), United States Supplement to Notice of Forfeiture in the Information, filed April 29, 2016.)

According to the Court Docket Report in his case, Mr. Ramos pleaded guilty to 2 counts of conspiracy and awaits sentencing scheduled for September 30, 2016. (Source: US v. Jose Luis Ramos-Castillo, Case No. 15-cr-636 (SDTEX), Court Docket Report as of June 23, 2016.)