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The British judiciary gives Guaidó control over Venezuelan gold deposited with the Bank of England

The UK High Court ruled this Thursday in favor of Venezuela’s self-proclaimed “responsible president”, Juan Guaidó, in a lawsuit against Nicolás Maduro’s government over control of Venezuelan gold deposited in the Bank of England (BoE).

The lawsuit began last May before a London court to decide who should represent the Central Bank of Venezuela (BCV), the owner of this gold, and, consequently, control of the gold bar.

The Maduro government claims that the only legitimate BCV is the Calixto Ortega-led institution, appointed by his government, that wants to use this gold to finance the fight against the corona virus, as he did at the time.

The British judiciary gives Guaidó control over Venezuelan gold deposited with the Bank of England
The British judiciary gives Guaidó control over Venezuelan gold deposited with the Bank of England

For his part, Guaidó claims that the current BCV is now the one represented by an ad hoc board of directors appointed by the National Assembly, which he is chairing, and warns that Chavismo wants to access these resources only for perverted purposes. “It will only further corruption,” he says.

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