LONDON - A tug-of-war over $1 billion worth of Venezuelan gold stored at the Bank of England took a new turn on Monday as the English Court of Appeal overturned an earlier High Court ruling on who the UK recognised as Venezuela’s president.
The BoE has refused to release the gold, however, after the British government in early 2019 joined dozens of nations in backing Guaido on the basis that Maduro’s election win the previous year had been rigged. Monday’s judgment said it was necessary to determine whether “ the UK government recognises Mr Guaidó as President of Venezuela for all purposes and therefore does not recognise Mr Maduro as President for any purpose.
The BCV has said the proceeds from the sale of the gold would be transferred directly to the United Nations Development Programme to procure humanitarian aid, medicine and equipment to fight the Covid-19 pandemic.
This is the UK meddling in the politics of other countries and once again embarking on regime change by trying to decide who to give Venezuela's money to. It's theft really. BankJob
If only BBCNews or even BBCWorld would report this. I hope that I am wrong and that they are on it and disseminating this as I type.
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