The group, collectively known as"CITGO 6," consisted of former executives of US-based refinery CITGO. They were arrested in 2017 on embezzlement charges stemming from a never-executed proposal to refinance some $4 billion in CITGO bonds by offering a 50% stake in the company as collateral. Last year, they were sentenced to between 8 and 13 years in prison.
Bill Richardson, who has acted as a non-government negotiator to lobby for the men's release -- said:"We are relieved to hear today that Tomeu Vadell, Alirio Zambrano, Jose Luis Zambrano, Gustavo Cárdenas, Jorge Toledo and Jose Pereira, known as the CITGO-6, have been released from prison and granted house arrest in Venezuela. This is a positive and important step that should help secure their wellbeing during the COVID-19 outbreak in Venezuela.
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