Venezuelan Media Mogul Indicted in $1.2 Billion Laundering Scandal

Raul Gorrin Belisario, a Venezuelan television news network owner, has been indicted for his involvement in a $1.2 billion money laundering scheme. The U.S. Justice Department accuses him of laundering funds from Venezuela's state energy company, PDVSA, in exchange for bribe payments to officials.

A Venezuelan media mogul, Raul Gorrin Belisario, has been indicted on charges of participating in a $1.2 billion money laundering scheme, as announced by the U.S. Justice Department on Wednesday.

The indictment from a federal grand jury in Florida accuses Gorrin, 56, of laundering funds corruptly obtained from Petróleos de Venezuela S.A. (PDVSA), Venezuela's state-owned energy company.

The Justice Department alleges that Gorrin facilitated the exchange of hundreds of millions in bribe payments to Venezuelan officials as part of this extensive financial fraud.

(With inputs from agencies.)