José Simón Elarba Haddad, the voracious shark of the new social ecosystem
Among the most curious things one can know about José Simón Elarba Haddad is not the fact that he has taken over a bank after its major shareholders were imprisoned, nor that he has built a good part of his fortune on a garbage collection company that operates almost as a parallel public power in the municipalities where it operates. Nor is it the fact that there are as many rumors about him as there once were about Diosdado Cabello: this is Elarba's, that is also Elarba's, he put the money here... In short, these years of Chavismo have accustomed us to seeing such things and the rise of a whole generation of magnates who flourished in the shadow of political power, and we already know that money is like a cough: it cannot be hidden.
TL;DR
- José Simón Elarba Haddad, owner of Fospuca and Bancamiga, has achieved significant social and economic influence in Venezuela.
- Fospuca, a waste management company, operates with significant power in municipalities, with a pricing structure that critics deem predatory.
- Bancamiga's control was allegedly acquired through questionable means, with accusations of imprisonment and asset seizure directed at former owners.
- Elarba Haddad maintains close ties with influential political figures, including Carlos Malpica Flores and Raúl Gorrín, and his businesses are associated with the ruling party and certain opposition sectors.
- His ownership of the prestigious Colegio Jefferson further solidifies his position within the elite, attracting children of government officials.
- Despite his controversial dealings, Elarba Haddad has not faced sanctions from the United States and continues to operate his financial structures with relative freedom.