Original sentence: Many of those companies do significant business with the federal government of Venezuela.The background for the need for the foundation lies in the 1999 mudslide "Vargas tragedy.When asked, Libi told The Financial Times in July 2017 that the allegations against him were false and that they were an attempted smear campaign;
Edited sentence: Additionally, Libi began to sponsors a cycling team in 2016.Additionally, in Venezuela, there is not enough cash to import enough food products, including oats (the key product in Libi's companies' products).Against the backdrop of the system of corruption within Venezuela, Libi has become a target for corruption allegations.An online campaign called "Escrache" has attempted to prove corruption charges against Libi and a host of other successful business owners.As The Financial Times put it: "Mr Libi remains upbeat.He began sponsoring the team in 2016.He even claims to be exporting oatmeal to the US.He gives parties in Miami.His oatmeal business has pummeled the famous Quaker oats brand made locally to win a 65 per cent market share.In a country that does not produce many economic winners, Libi stands out.Many of those companies do significant business with the federal government of Venezuela because of the way the country's economy works.The background for the need for the foundation lies in a 1999 mudslide known as the "Vargas tragedy.The team, which competes in both amateur and professional events, through an official sponsorship by Avelina, a product made by his company Inproceca.Venezuela is no different than other nations: it buys goods and services that the government is not able to do or produce.When asked, Libi told The Financial Times in July 2017 that the allegations against him were false and that they were an attempted smear campaign, to which the newspaper agreed to the possibility that Libi was telling the truth: "[the allegations] are perhaps inevitable given the public rage over the rampant state-sanctioned corruption that explains many of Venezuela's problems today.While the country's economic conditions and serious malnutrition and foot shortage issues as of early August 2017 were deteriorating rapidly, and many factory owners--many of whom are successful and wealthy--have fled the nation, Libi chose to stay