Corruption in CADIVI back in the news

April 27, 2004

Today the charges of corruption at CADIVI picked up. Tal Cual’ Editorial is on the subject, a lot like what I discussed a couple of days ago. Adina Bastidas was definitely on the offensive again yesterday (El Nacional by subscription only). She charged that fifty (50!) CADIVI workers were caught charging a commission for speeding up handing out foreign currency. Of course, she said little about what has been done about it. What use it to know about it and not charge them? I did find surprising that she says that private debt is not being approved yet, when it is the second largest item for which foreign currency ahs been given out.

Meanwhile the Head of the exchange office Mr. Hernandez Behrens has been extremely quiet on the issue, which we find disturbing. You have to give credit to former Vice-President Bastidas; at least she is going public with it!!

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