British judge denies Venezuela’s Maduro access to gold in London vault
4 years, 5 months ago

British judge denies Venezuela’s Maduro access to gold in London vault

LA Times  

A British judge Thursday refused to give Venezuelan leader Nicolás Maduro control of nearly $2 billion in gold stashed in a Bank of England vault, ruling that it would be unlawful as Britain does not recognize him as president of the South American nation. But Britain’s central bank has refused to hand it over to Maduro’s socialist administration because London recognizes Venezuelan opposition leader Juan Guaidó as his country’s legitimate leader. Maduro’s government is in complete control of Venezuela and its administrative institutions, and only it can ensure the distribution of the humanitarian relief and medical supplies needed to combat the coronavirus pandemic,” he said. “This outcome will now delay matters further, to the detriment of the Venezuelan people whose lives are at risk.” Guaidó, who heads Venezuela’s congress, has sought to keep the gold out of the hands of the Maduro government, which Guaidó contends is illegitimate and corrupt.

History of this topic

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