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Venezuela’s Guaido says Maduro trying to move public funds to Uruguay

ITN News Editor
By ITN News Editor February 5, 2019 13:50

Venezuela’s Guaido says Maduro trying to move public funds to Uruguay

Venezuelan opposition leader Juan Guaido Nicolas Maduro’s government was trying to move up to $1.2 billion from state development bank Bandes to its subsidiary in Uruguay, though he did not present evidence. Guaido, who last month invoked a constitutional provision to declare himself president and has won the support of most the Western hemisphere, has repeatedly accused Maduro’s government of stealing public funds.

Venezuelan traders say Maduro’s government has been using the Bandes subsidiary in Uruguay to get around debilitating U.S. sanctions that the administration of President Donald Trump has imposed in its bid to help the opposition oust Maduro. Uruguay, like Mexico, has chosen to stay neutral on Venezuela’s political crisis and instead called for dialogue.

ITN News Editor
By ITN News Editor February 5, 2019 13:50
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