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The Times traced the story to 2009, when Martínez loaned Vitro $seventy five million in exchange for that title to numerous of its properties and an choice to return them to Vitro later in Trade to get a 24 p.c stake while in the firm. In 2010, Martínez "went to different banking institutions that Vitro owed revenue to and acquired the statements," Therefore turning into the business's "largest individual outdoors creditor, proudly owning about $600 million well worth of promises.
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Opposition politicians and gurus warned that Martínez's activities had been "oxygenating" the Maduro federal government, and a few satisfied with him in an try and dissuade him.[fifteen]
An investigation by Armando.details described that Venezuelan officials made available him to deliver bonds of their possession in exchange for participation in condition-owned electrical power enterprise Corpolec in December 2018. It goes on to cite that the quantity of Venezuelan personal debt held by Martinez, which Despite the fact that difficult to pinpoint, can be an important sum concerning $3 billion and $ten billion.
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