Bolivia's Energy Firm YPFB Under Scrutiny in Corruption Probe
Bolivian authorities raided YPFB offices in La Paz and Santa Cruz amid a probe into fuel procurement irregularities. The investigation, prompted by Congress members and the vice president's complaints, scrutinizes cost discrepancies under current versus previous administrations. The development marks a significant turn in Bolivia's energy sector integrity efforts.
In a striking move, Bolivia's anti-corruption police and the public prosecutor's office conducted raids on Friday at the offices of state-owned energy giant YPFB, located in La Paz and Santa Cruz.
The actions are part of an ongoing investigation into supposed irregularities in fuel procurement practices, as reported by a Reuters witness. Officials have also verified these events with local media channels.
The probe was initiated following complaints from congressional members and Vice President Edmand Lara, who highlighted potential discrepancies in oil procurement costs when compared to past administrations, raising questions about financial management within the sector.
(With inputs from agencies.)
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