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UK court recognizes Juan Guaido as ‘unequivocally’ Venezuela’s president in legal fight for tons of gold

RT | July 2, 2020

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.

“Whatever the basis for the recognition, her majesty’s government has unequivocally recognized Mr Guaido as president of Venezuela,” Justice Nigel Teare said on Thursday. “It necessarily follows that her majesty’s government no longer recognizes Mr Maduro as president of Venezuela.”

Venezuela’s central bank wants the gold back so it can be sold to buy medicine and equipment to battle Covid-19. It has said the funds would be transferred to the United Nations Development Program (UNDP) to ensure it isn’t used for anything else, but the opposition objects to this and claims Maduro wants to use the money to pay off his foreign allies.

Guaido, who has self-identified as the country’s interim president since 2019, with backing from Western nations, claims the gold is his to control and alleged the bank would be “financing torture” if Maduro won. The British government is among more than 50 nations that have recognized Guaido as Venezuela’s leader.

A lawyer for Venezuela’s central bank said that they would appeal the judgement which “entirely ignores the reality of the situation on the ground.”

The BOE rejected Venezuela’s request to withdraw the gold in January, which was reportedly at the request of US officials. This prompted Venezuela’s central bank to file a claim against the BOE in May. Its case points to the fact that the UK Foreign Office maintains full diplomatic relations with the Maduro government, arguing that the UK can’t have these relations while also recognizing someone else as the head of state.

The Venezuelan government first made moves to remove its gold stores after the 2018 election, which Maduro won and the opposition boycotted. Boris Johnson, who was then the foreign minister, said at the time that the UK “may have to tighten the economic screw on Venezuela,” and with further US sanctions placed on the country, its central bank informed the UK bank that it wished to take its gold back.

July 2, 2020 - Posted by | Economics | , ,

8 Comments »

  1. If one can self-identify as male or female, according to their whim, I guess anyone can self-identify as the president of a country just out of a clear blue sky like this, in spite of that country’s electoral process. I myself self-identify as the return of Jesus Christ come back to slay the wicked.

    Not really but you get my gist.

    Like

    Comment by Tsisageya | July 2, 2020 | Reply

  2. But of course since the covid19 PANDEMIC is bullshit there’s no need for medicine to treat the poor, poor people. Which medicine would it be, pray tell?
    It’s not easy trying to determine truth from lies. The propaganda is relentless. And of course all the fake democraps believe it and speak, and act, accordingly. Venezuela must be controlled opposition for the Rona. Hard to say, but Guido/US/UK/Israel needs to sit their ass down.

    Like

    Comment by Tsisageya | July 2, 2020 | Reply

    • Yes, I know. It’s not actually Guido.

      Like

      Comment by Tsisageya | July 2, 2020 | Reply

  3. “Whatever the basis for the recognition, her majesty’s government has unequivocally recognized Mr Guaido as president of Venezuela,” Justice Nigel Teare said on Thursday. “It necessarily follows that her majesty’s government no longer recognizes Mr Maduro as president of Venezuela.”

    So, now the British Government(who hold Venezuela’s Gold) at the Bank of England, now believe it is their right to nominate the President of another country? Both Parliaments(Congress) of England and the USA, are dominated by “Friends of Israel” and have become self elected rulers of the World.

    Democracy, and Freedom, have both been trashed, by the Land that gave the World, The Magna Carta……..what Pompous Buffoons we have as “Leaders”…….

    Like

    Comment by brianharryaustralia | July 2, 2020 | Reply

    • BlackLivesMatter can go fuck themselves as far as I’m concerned. But here we all sit on stolen ground. Every treaty made by the US with the Indians—GONE, lies. Here this “civilization” sits on stolen ground after genociding those that were already here because, apparently, they were SAVAGES. So that makes it okay. No. No. Then, we continue to destroy the environment and everything else about this fucking country. Are you all kidding me? My government is evil and there is nothing good about it.

      Like

      Comment by Tsisageya | July 2, 2020 | Reply

    • Democracy and freedom has been trashed since the very beginning. It never existed. Just like now.

      Like

      Comment by Tsisageya | July 2, 2020 | Reply

  4. How special. How conveeenient for the Jews. Thanks so much US government. You all are nothing but assholes. (See? I don’t need youtube.)

    Like

    Comment by Tsisageya | July 2, 2020 | Reply

  5. I guess the Constitution is nothing but a piece of paper, just like dubya said. Oh well.

    Like

    Comment by Tsisageya | July 2, 2020 | Reply


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