Murphy’s campaign for governor dreads news of Venezuelan dictatorship, corruption

It’s a small world.

Wall Street millionaire Phil Murphy’s campaign for governor could encounter trouble heading into the Democratic primary election because Venezuelan officials are engaging in human rights violations, persecution of political opponents and significant public corruption

Protests against President Nicolas Maduro have killed almost 60 people and the collapse of Venezuela’s economy has left millions of people struggling to eat, as opposition leaders accuse Goldman Sachs of financing dictatorship in the troubled South American nation.

Julio Borges, president of the National Assembly and deputy of the Venezuelan coalition of opposition parties (MUD), wrote a letter to Goldman Sachs President Lloyd Blankfein in which he accused the Wall Street investment bank of “aiding and abetting the country’s dictatorial regime” following a report that it had bought $2.8 billion in bonds from the cash-strapped country.

“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country,” said Borges.

“Given the unconstitutional nature of Nicolas Maduro’s administration, its unwillingness to hold democratic elections and its systematic violation of human rights, I am dismayed that Goldman Sachs decided to enter this transaction,” said Borges.

The letter adds that Congress will open an investigation into the transaction and that he will recommend “to any future democratic government of Venezuela not to recognize or pay these bonds.”

Goldman Sachs and Venezuela’s Information Ministry both declined to comment on the charges, but Murphy clearly would want to avoid a controversy — such as evidence of Goldman Sachs financing dictatorship — as his multi-million dollar campaign heads into the final stretch.

 


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