UK court blocks Maduro's access to Venezuelan gold at Bank of England

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Recognising opposition leader Guaido as Venezuela's president, UK high court rules it cannot release $1B in gold reserves to Maduro-appointed central bank

A judge in London has said the British government had"unequivocally recognised" opposition leader Juan Guaido as Venezuela's president, in a battle over gold bullion held at the Bank of England.

A four-day hearing last week had been the last part of a tug-of-war over the gold and centred on which of the two rival presidents Britain now viewed as Venezuela's legitimate leader. A BCV board appointed by the government of Nicolas Maduro wants the gold released while a rival ad hoc board appointed by Guaido asked for the release to be denied.Venezuela's President Nicolas Maduro touches a gold bar as he speaks during a meeting with the ministers responsible for the economic sector at Miraflores Palace in Caracas, Venezuela, March 22, 2018.

He added, "This outcome will now delay matters further, to the detriment of the Venezuelan people, whose lives are at risk."

 

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Have your reserves in National banks. Access may be denied by others if you are not on the same agenda...Arabs need not to worry...

UK court blocks? Who are you?

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