October 29, 2020

Guaidó says he has protected Venezuelan gold from Maduro’s “looting”

The opposition leader Juan Guaidó celebrated this Thursday the decision that gives him control of Venezuela’s gold reserves deposited in the Bank of England (BoE) and assured that with this he has protected these riches from a “looting” by the Government of Nicolás Maduro.

“We protected the gold reserves from the clutches of the dictatorship. Our reserves will remain as such and in England for their protection, the judicial process and their integrity. Gold protected from the looting of the regime,” Guaidó wrote, recognized as Acting President of Venezuela for almost 60 countries.

The opponent shared on the same social network a statement issued by the “government” he presides over, in which they welcome with “approval” the ruling of the British High Court that gives control of these riches to the Bank’s “ad hoc” board Central (BCV) named by Guaidó.

“This decision contributes immensely in protecting the resources of Venezuelans from the clutches of the corrupt dictatorship (…) What happened is not only a victory for the people of Venezuela but it is a victory for the defense of the rule of law “says the brief of the so-called interim government.

The statement also explains that the legal process in London continues “so these protected resources will remain in the UK and will not be used any time soon.”

The judicial ruling, which sets a precedent, means that the Bank of England, which declared itself “in the midst of the parties” in dispute in this process, may receive instructions from the board appointed by Guaidó, headed by Ricardo Villasmil, and not from the appointed by Maduro, chaired by Calixto Ortega.

Having established which board is, in his opinion, the legitimate one, the Court will be able to advance in the lawsuit filed in May against the Bank of England by Ortega, who accused him of breach of contract by failing to comply with his request to transfer 930 million euros of the gold reserves to a UN fund to be used in the fight against COVID-19 in Venezuela.


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