AN report concludes all and any further investigations in the Las Cristinas case

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Wednesday, June 11, 2003 By: David Coleman

The Comptroller's Commission of Venezuela's National Assembly (AN) has just approved a final and definitive report in favor of the exclusive Las Cristinas operator's contract between the Venezuelan Guayana Corporation (CVG) and Toronto headquartered Crystallex International Corporation (KRY)

The late Wednesday afternoon ruling was in a vote of 8 for the motion and only 2 against ... effectively rejecting a draft proposal by AN deputy Edgar Mora, the Commission approved an alternative majority draft, by AN deputy Luis Velasquez Alvaray, which 100% backs the original CVG decision last year to award Las Cristinas to Crystallex.

"It was the best option the CVG had to renew the project and to reactivate the local economy ... the Commission did not find any of the irregularities which had been denounced by deputy Mora and therefore rejected them ... it confirms the conclusions already reached by four previous investigations by different commissions of the National Assembly ... this report concludes all and any further investigations in the Las Cristinas case."