P.M. BRIEFING : Warrants Issued for 4 Ford Chiefs
A criminal court judge issued arrest warrants today for four executives of Ford Motor Co.’s Venezuelan subsidiary for alleged corruption in the purchase of preferential-rate dollars to buy imports.
Judge Luis Guillermo La Riva said the four were company President Cornelius Koreman, Vice President Guido Manuel Cassingena, Controller Alfredo Jose Guadarrama and the former company president, Jose Bissogno Moreno.
All were charged with illicit misuse of public funds, a crime punishable by two to 10 years’ imprisonment. La Riva said the order for their arrest had been passed to the Technical Judicial Police.
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