President Chavez denies receiving illegal campaign funding from Spanish Bank*** A probe by Spain's top investigative magistrate into secret offshore accounts once held by BBVA revealed that the bank sent money in 1988 and 1999 to a Dutch Antilles offshore account in the name of Chavez's Fifth Republic Movement party. The accounts held some dlrs 200 million when they were closed in 2000.
According to Spanish authorities, Chavez's party received a dlrs 500,000 donation from BBVA in November 1998 for the presidential campaign that same year. The Fifth Republic Movement allegedly received another dlrs 1 million for the 1999 campaign for a constituent assembly, a popularly elected body stacked with Chavez allies.***
Hugo Chavez - Venezuela