09 August 2011

CUBA: Arrests of Telephone Executives For Corruption...Revealed.

                                REUTERS


     Recent arrests for corruption of senior executives at the state's telephone company ETECSA...have been revealed...as President Raul Castro continues to target privileged white collar criminals.
     ETECSA is run by the military and is one of Cuba's 10 largest enterprises...with annual revenues over $500 million.
    One charged exec has defected in Panama.
    In Cuba, even top state managers earn...only about $50 to $100 monthly.