According to the 2022
Suisse secrets, by 2008, Villalobos had started to gain an international reputation for dirty dealings. In 2009, the Monaco branch of Credit Suisse had opened an account for him and another one in 2011, through which he funnelled almost $25 million and 11.5 million euros. In March 2015,
El Mundo reported him as part of a group of senior Venezuelan government officials with accounts at the Banco Madrid and
Banca Privada d'Andorra, with savings in dollars which pointed to him having received commissions. According to the article, one large commission was paid by the Spanish company
Duro Felguera. In 2016, deputies of the National Assembly of Venezuela questioned the external advisor of the Brazilian company
Odebrecht for the then four-year delay of the
Tocoma Dam, and subsequently declared seven former electricity ministers politically responsible: Rafael Ramírez, Alí Rodríguez Araque,
Jesse Chacón,
Argenis Chávez, Javier Alvarado and Nervis Villalobos. In March 2016, an article of the web portal Sumarium indicated that in February the Anti-Corruption Prosecutor's Office of Spain had opened an investigation into Villalobos, former President Duro Felguera, and Juan Carlos Torres Inclán, for international bribery. An investigation of the website El Español indicated that Villalobos was interrogated at the Anti-Corruption Prosecutor's Office about the oral consultancy contract with Duro Felguera for 46 million euros, where he defended the legality of the contract signed by the business group. On 13 September 2018
El País reported that Villalobos was prosecuted by a court in
Andorra for his link to money laundering in a banking establishment and membership in a network which between 2007 and 2012 collected bribes from companies that later benefited from millionaire awards from PDVSA. According to the Andorran police, Villalobos moved 124 million euros through a dozen deposits in Andorra. In March 2021, the
Swiss Federal Administrative Court refused to grant Villalobos and his family a residency permit, considering him a "threat to public safety and a risk to the reputation of the nation". ==References==