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More at link above.Venezuela launches London appeal in battle for $1 billion in gold
Tue, September 22, 2020, 8:54 PM CDT·2 mins read
LONDON (Reuters) - The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion (£785.21 billion) of gold reserves held in the Bank of England’s underground vaults.
The Banco Central de Venezuela (BCV) board controlled by the Maduro government is challenging a High Court ruling in July that the UK government “unequivocally” recognised opposition leader Juan Guaido as the interim president, therefore giving him control over the gold.
Lawyers representing the BCV say selling the gold, which amounts to around 15% of Venezuela’s foreign currency reserves, would fund the response to the coronavirus and bolster a health system gutted by six years of economic crisis.
More at link:A killing at sea implicates the armed forces in lawless Venezuela
An oil tanker had engine trouble in Venezuelan waters. When it sought assistance, its crew was detained, its captain murdered – allegedly by members of the armed forces. Reuters investigates the ruin within Venezuela’s maritime and defense agencies.
By ANGUS BERWICK and LUC COHEN Filed Sept. 23, 2020
CARACAS–Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramón, an oil tanker anchored off the coast of Venezuela. Suddenly, he heard footsteps pounding along the passageway outside. His captain, Jaime Herrera, cried for help.
“Be still!” an unfamiliar voice ordered.
A gun fired.