Feb. 23, 2006

Leonel Fernandez has signed an agreement with the Hugo Chavez government of Venezuela for pricing agreement on crude oil that is laden with corruption.

The agreement basically states that if the price of crude oil exceeds 50.US per barrel then the Venezuelan government will finance 40%. Based on this financial agreement the Dominican government has 25 years to amortize that loan at an interest rate of 2% per annum.

The agreement on face value seems to be to the benefit of the Dominican people however when analyzed and investigated shows signs of corruption.

Here is what our investigator found out. The Shipping firm for the oil is somehow linked to Hugo Chavez, and all shipping charges must be paid up front.

This inquiry is ongoing so return to this area for any updates.

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