Maduro again has no gold in Venezuela

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Britain’s Supreme Court rules that the opposition Juan Guaidó, whom it recognizes as the country’s legitimate interim president, should be the one to have access to reserves deposited with the Bank of England

The Supreme Court of England and Wales has confirmed that the commission set up by Juan Guaidó to manage the Central Bank of Venezuela will have access to gold reserves deposited with the Bank of England. The Court rejected the arguments of Nicolás Maduro’s lawyers, who demanded the annulment of the English judges’ previous decisions, because Venezuela’s Supreme Court denied Guaidó’s authority to appoint central bank managers.

The case began in English courts in 2020, with a demand from the Maduro government for the United Kingdom’s central bank to return the gold it held on behalf of the Venezuelan state, to pay for health policy against the coronavirus. In December last year, the English Supreme Court ruled that the council appointed by Guaidó was the legitimate manager, based on the fact that it is recognized by London as the legitimate interim president of the American country.

Maduro’s lawyers will have to announce in the coming days whether they want to appeal the verdict of Judge Sarah Cockerill to the Court of Appeal. In it, the judge of the commercial court affirms that the decisions of the Supreme Court of Venezuela denying Guaidó’s right to appoint a general prosecutor or a board of directors of the central bank are incompatible with the previous judgments of the London case. .

Initially, the Supreme Court refused to deliver the gold, then worth about a billion euros, to the Maduro government, because it considered the authority of the Guaid council. The United Kingdom recognized him as interim president in 2019. Like other European countries and the United States, he described the 2018 elections that renewed Maduro’s presidency as fraudulent.

Cockerill’s sentence has a circular aspect. The judge confirmed that since the British government does not recognize the legitimacy of the Maduro cabinet for any purpose, it cannot reverse the previous sentences. If Venezuela’s legitimate interim president is Guaidó, he also has the legitimacy to make the appointments. And the judge finds serious flaws in the legal process being followed by Venezuela’s Supreme Court to conclude that the Guaidó Council has no legal authority in the country.

Source: La Verdad

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