Loading ...UK Supreme Court Accepts Guaido’s Appeal For Control Over BoE’s Seizure Of Venezuelan Gold
Back in November 2018, the Bank of England refused to release Venezuela’s gold holdings due to its insistence that standard measures to prevent money-laundering be taken – “including clarification of the Venezuelan government’s intentions for the gold.”
“There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the newspaper said.
The legal battle for 32 tons of Venezuelan gold, currently residing in the vaults of The Bank of England, began in January 2019 when Guaido proclaimed himself president of the South American country, and Maduro’s embattled regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England.But even before this,