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Venezuela’s exiled justice department calls for Interpol arrest of Maduro and 18 years for corruption

Posted on Monday, 19th November 2018 @ 02:25 PM by Text Size A | A | A

Venezuela’s justice department requested an international arrest warrant, also known as a red notice, for its own president Nicolás Maduro.

The department accused Maduro of corruption in a letter to Jürgen Stock, the secretary-general of Interpol, dated on Monday.

It said that Maduro accepted, directly or indirectly, funds from illegal activity, and called for 18 years and three months in jail.

“As a result of the aforementioned, this Plenary Chamber considered it appropriate to request that Interpol issue a red notice for Nicolás Maduro Moros for the purposes of international cooperation on common crimes for the apprehension of the above-mentioned subject,” said the letter, which was addressed from Coral Gables, Florida.

Maduro is presiding over one of the world’s worst economic crises. The country has been struggling through hyperinflation, power cuts, and food shortages.

Maduro, meanwhile, has been living extravagantly. He dined viral chef Salt Bae’s restaurant in Istanbul in September, where steaks can run cost up to $275.

 

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Venezuelan President Nicolas Maduro has requested international assistance from the United Nations (UN) and, in particular, the UN Development Program (UNDP), to “break” the US-led economic blockade against the country and help supply vital medical equipment. His call came at a gathering of health sector leaders and activists from the Humanised Childbirth Program in Caracas Tuesday. “I ask for support from the UNDP, from the UN system, because as you know the imperialist government of the United States is persecuting and blockading us.

Three days ago, when we reported that following Trump’s latest sanctions targeting Venezuela’s gold sector president Maduro was seeking to repatriate all of Venezuela’s gold – some 14 tons – held at the Bank of England, we cautioned that since the BoE “sought to clarify what Venezuela wants to do with the gold”, this suggested that despite Venezuela being the rightful owner of this gold, Venezuela was about to face challenges in getting it back.

Nicholas Maduro, Venezuela’s seemingly unshakable authoritarian ruler who has managed to hang on to power for years longer than even the most fervent optimists predicted when his country collapsed into a hyperinflationary supernova, is starting to sweat.

Venezuela has just taken the next step in its quest to “free” itself from the tyranny of US dollar hegemony. One year after the country said it would stop accepting US dollars as payment for its (ever shrinking) oil exports (saying the country’s state-run oil company would accept payment in yuan instead), Venezuelan Vice President for Economy Tareck El Aissami said Tuesday that Venezuela will officially purge the dollar from its exchange market in favor of euros.

Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and another effort to skirt sanctions and mask the inability to overhaul the ailing domestic economy.

As previewed yesterday, on Monday Venezuela officially slashed five zeros from prices and its currency as part of what has been dubbed one of the greatest currency devaluations in history which slashed the value of the official bolivar by 95%, an overhaul that President Nicolas Maduro said would tame hyperinflation, and which everyone else called the latest desperate failed socialist policy that will push the chaotic country deeper into crisis and unleash even higher hyperinflation (impossible as that may sound: as a reminder the collapse of Venezuela’s currency recently surpassed the Weimar republic).

Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens even as the country struggles with the greatest hyperinflation on record, surpassing even that of the Weimar Republic.

Before Venezuelans finished casting their votes Sunday, U.S. Deputy Secretary of State John Sullivan announced that the U.S. would not recognize the result of Venezuela’s presidential election. Sullivan was in Buenos Aires on Sunday, leading the U.S. delegation to the G-20 Foreign Ministers’ Meeting. Venezuela’s Nicolas Maduro was elected to his second presidential term on Sunday. With 92.6 percent of the votes counted, Maduro accumulated 5.8 million votes. His nearest challenger, former governor Henri Falcón, received only 1.8 million votes.

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