The positive aspect of the now-official bankruptcy of ALLBank, run by Víctor Vargas in Panama, is the plethora of corruption evidence it will produce. A cache of internal ALLBank documents reviewed by this site reveals that Vargas’s operations were little more than a money laundering platform. Attached is information on the brothers Ramón, Roberto, and Vicente Carretero, a trio of “businessmen” linked to the disgraced president Ricardo Martinelli, who acted as representatives for Iriamni Malpica Flores and her husband Juan Carlos López Tovar through a shell company named Landscape Vision Corporation. The regime of Nicolás Maduro awarded a series of construction contracts (gyms, baseball stadiums) to the Carretero brothers without bidding. But it was merely a pretext: the funds were actually for Iriamni, the niece of Cilia Flores and sister of Carlos Erik Malpica Flores…
Landscape Vision Corporation’s ALLBank account (294000259) received payments totaling approximately $123.6 million, transferred from the Venezuelan Treasury and FONDEN accounts at Banco Espirito Santo. Subsequently, Landscape transferred more than $80 million to Carretero International Corp, Distribuidora Ralcort S.A., and Corporación Logística del Caribe, all controlled by the Carretero family. According to registration information, the Venezuelan subsidiary of Landscape is owned by Vicente, Ramón Carretero, and Félix Fallabella Napolitano. Through Landscape, the Carretero brothers made two payments (~$1.74 million) to a Seguros Piramide account at Commerzbank in Germany and transferred $4.35 million to Brilla Bank Corporation, a highly questionable operation led by David Brillembourg Capriles (more information about the Capriles clan in another post…).
The connection between Iriamni Malpica Flores and her husband Juan Carlos López Tovar with the Carretero family becomes evident through Corporación Logística del Caribe. In letters addressed to ALLBank, the director of Corporación Logística del Caribe, Gloria Chong, states that Iriamni (passport number 041694718) works as “an accountant and earned $78,000 plus incentives in 2013,” while her husband Juan Carlos works as “an administrator and earned $178,000 plus dividends in 2013.”
Compliance documents indicate that, in Panama, López Tovar and Ramón Carretero are partners in Corporación Logística del Caribe and Grupo Carrelop Corp. Further investigations revealed an additional partnership in Galeras del Este S.A. and Pro Hogares S.A. López Tovar is also a partner of his brother-in-law Carlos Erik Malpica Flores in Redilama C.A. and Inlasa C.A. in Venezuela.
However, López Tovar also appears as the account holder of the registered account for Technical Support Trading S.A., now sanctioned, believed to be part of Carlos Erik Malpica Flores’s shell network. In fact, López Tovar owns 100% of Technical Support Trading S.A. according to internal ALLBank documents. The $5 million dividend payment from Corporación Logística del Caribe to López Tovar was used for a fixed deposit in the ALLBank account of Technical Support Trading (1110009514).
ALLBank granted a mortgage of $501,000 for 30 years to López Tovar for the acquisition of unit 50-A and parking spaces 86 and 87 in PH Pearl at The Sea.
John Collins included Iriamni and her husband Juan Carlos in ALLBank, where their names are associated with six accounts. Francisco Flores Suárez, a contractor for PDVSA and owner of a yacht (Reino) where Dominican Republic authorities seized 54 kg of cocaine, is also a client of ALLBank (accounts 1110005936, 1110004044, 1130001980). Sources state that Flores Suárez is one of the representatives for Rafael Ramírez, whose “wealth” was managed by Tino Sangiorgio at Credit Suisse.
Michael Collins is connected to the operations of Landscape Vision Corporation in Venezuela.