CARACAS, Venezuela (AP) — A British court on Monday threw into question who controls nearly $2 billion in Venezuelan gold stowed in a London bank vault amid a power struggle between President Nicolás Maduro and his leading rival.
The appeals court ruling set aside a British judge’s earlier decision granting control of the bullion to U.S.-backed opposition leader Juan Guaidó.
Britain recognizes Guaidó as Venezuela’s legitimate leader, while also holding diplomatic ties with Maduro. The appeals court has ordered a deeper investigation into the matter before either side is given access to the gold.
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Maduro has demanded the gold. But the central bank for the United Kingdom had refused to hand it over to his government and a judge in July sided with Guaidó.
Sarosh Zaiwalla, an attorney who represents Venezuela’s Central Bank, praised Monday’s decision giving the case further consideration.
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October 05, 2020 at 09:04PM
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Control of Venezuelan gold held in London cast into doubt - Associated Press
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