The U.S. Treasury declared that “following Saab’s arrest in June 2020 in Cape Verde, … Bazzoni took on a central role in coordinating the ongoing scheme to intermediate the resale of Venezuelan crude oil from Pdvsa.”
Casto Ocando | @cocando
One of the most famous polo tournaments globally, the Cartier Queen’s Cup “brings together the best players in the sport and their remarkable horses,” according to its promoters. It is also an occasion where royal houses from Europe and the Middle East share the stage with prominent competitors backed by high-end firms and multimillionaire entrepreneurs, under the patronage of the British royalty.
The prestigious firm Cartier has been sponsoring the event for over 10 years. At the tournaments, members of the British royalty (Queen Elizabeth herself used to attend the event) can be seen alongside Sheikh Mohammed bin Rashid of Dubai (whose fortune is estimated at $14 billion), Swiss financier Guy Schwarzenbach (CEO of Black River Asset Management), and seasoned polo player Alejandro Aznar, star of the Spanish team Marqués de Riscal.
The tournament is held at the historic facilities of the Guards Polo Club, located in the natural setting of Smith’s Lawn, just a few kilometers west of London. Founded in 1955, the club’s first president was the late Prince Philip, Duke of Edinburgh. The last president, who oversaw the club and its members, was the late Brian Stein, who passed away a few days ago on May 17, 2023.
The Cup is often regarded as the highlight of the British social season.
READ ALSO: From London to Dubai, Zurich to Mexico City and Caracas: the network that moved millions from Pdvsa corruption
However, not all that glitters is gold in this prestigious tournament. The “sumptuous” finals of this year’s Cartier Queen’s Cup, taking place at the Guards Polo Club between Wednesday, June 14, and Sunday, June 18, will feature a businessman sanctioned by the United States and indicted in Venezuela on criminal charges: Alessandro Bazzoni, the Italian entrepreneur implicated in one of the biggest corruption cases involving the Venezuelan state oil company, Pdvsa.
Bazzoni, sanctioned two years ago by the U.S. Treasury’s OFAC, is considered by Washington to be the “heir” of Colombian businessman Alex Saab, who is the frontman for Venezuelan dictator Nicolás Maduro and is currently detained in the United States on charges of corruption, bribery, and evading U.S. sanctions.
Describing Bazzoni’s role and his relationship with Saab, the U.S. Treasury stated that “following Saab’s arrest in June 2020 in Cape Verde, … Bazzoni took on a central coordinating role in the ongoing scheme to intermediate the resale of Venezuelan crude oil from Pdvsa and charter vessels willing to go to Venezuela to load oil.”
Read the full article at CastoOcando.Com.
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Taken from The courtly life of Alex Saab’s Italian partner sanctioned by the U.S. – Primer Informe