The UK High Court has ruled that Venezuela’s legitimate president is in fact its self-proclaimed leader Juan Guaido, and not the elected Nicolas Maduro, in a bizarre legal battle for $1 billion of gold bullion.
The Bank of England (BOE) holds close to $2 billion of Venezuela’s gold for safekeeping. With both the Venezuelan government and the opposition laying claim to the fortune, the High Court has been tasked with deciding who deserves the funds, and said on Thursday that the UK “unequivocally recognizes” self-proclaimed leader Guaido as president.
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