Venezuela Seeks to Regain Control of More Than $1.8 Billion in Gold After Interim Government Dissolves
The government of Venezuela is seeking to regain control of more than $1.8 billion in gold deposited in the vaults of the Bank of England. Officials of Maduro’s government appealed to the London Court of Appeals that the destitution of Juan Guaido, the former interim president, could affect the considerations London makes on access to the gold. Venezuela Seeks to Regain Control of Its Gold Stash in UK Venezuela is again appealing the decision of the U.K. High Court on the ownership and management of more than $1.8 billion in gold that is currently held in the vaults of the Bank of England. This judicial battle has been ongoing since January 2019, when the U.K. High Court declined to transfer the gold to the government of Nicolas Maduro, on the basis of the U.K. government’s recognition of then interim president Juan Guaido. Guaido was deposed from his position as interim president in December 2022, when the Legislative Assembly, elected back in 2015, voted to disintegrate the in...