Bolivian President Accuses Brazil’s Petrobas of Tax Evasion and Other Crimes

The President of Bolivia, Evo Morales, said this Thursday, May 11, in Vienna, Austria, that Brazilian state-owned oil company Petrobras acted illegally in his country, without respecting local laws.

"If you want to talk about the contracts, I will show that they are illegal and unconstitutional. And if you want to know about Petrobras, I can also tell you how they also acted illegally without respecting Bolivian norms," he declared.

Morales made these statements in a press conference with reporters from all over the world who are in Vienna to cover the 4th Latin American-Caribbean-European Union Summit.

According to the Bolivian President, the contracts with foreign companies were not ratified by the Bolivian Congress, contrary to what the country’s constitution dictates.

"These contracts, over 70 of them, with the petroleum companies were not ratified, none of them, so they are unconstitutional," Morales affirmed. In his view, the agreements were signed "behind closed doors" and "secretly," without transparency.

In the interview, he also named Petrobras as one of the companies suspected of having committed tax evasion and black market operations.

"There are, for example, many accusations against petroleum companies that don’t pay taxes and petroleum companies that are contrabandists," he declared.

Without going into details, the Bolivian president also said that there is no reason to pay compensation to companies that have already recovered their investment and made a profit.

"If we were expropriating their assets or their technology, of course we would have to indemnify them. But in our case we are not expropriating their technology nor their investments in the country."

According to Morales, other foreign companies that comply with Bolivian laws will have backing to operate in the country.

"But there are some firms claiming to be Brazilian that established themselves illegally in our national territory. EBX, for example," he underscored, in reference to a mining company that had a project near the Brazilian border in the region between Puerto Suarez, Bolivia, and Corumbá, in the Brazilian state of Mato Grosso do Sul, and was recently expelled from the country.

Agência Brasil

Tags:

You May Also Like

Brazil’s Trade Balance Close to a Billion Dollars in the Red

Brazil’s trade balance showed a deficit of US$ 592 million last week, as a ...

Brazil Appeals to Exoticism to Sell Its Wine in the US and Europe

When it exported 48,000 bottles in 2003, the winery Miolo was already thinking big ...

US and UK Main Beneficiaries of Brazil’s US$ 152 Billion Foreign Investment

The transfer of money from Brazil abroad, turned to financial investment both by natural ...

Low Interests Rates in Brazil Only After Inflation Is Under Control

Having inflation under control is an essential prerequisite for financial investors to accept a ...

Iguatemi shopping mall in São Paulo, Brazil

Lula Neglects Brazil’s Middle Class. He’s Playing with Fire

Nothing new here. Since the Discovery in 1500 Brazil is divided between rich and ...

Alternative Medicine Endorsed and Adopted by Brazilian Government

The correct use of alternative medicines for health treatments is the main objective of ...

Fearing Inflation Brazil Gets Ready to Hike Interest Rates

The president of Brazil's Central Bank, Henrique de Campos Meirelles said that his bank ...

Jobs Grow 6% and Salaries 2% in Brazil

Brazilian formal employment rose 5.83%  with the creation of 1.831 million jobs in 2005 ...

April 1994

CONTENTS: Cover: One real = one dollar (p. 7) Politics: Jobim and the constitution ...

Brazil with BRICs to Draw Plan in Washington on How to Rescue Europe

Brazil and the other four countries that make up the so-called BRICs, Russia, India, ...