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Switzerland Freezes Assets Linked to Venezuela’s President Nicolás Maduro

Switzerland Freezes Assets Linked to Venezuela’s President Nicolás Maduro

Switzerland has announced the freezing of all financial assets within its jurisdiction belonging to Venezuelan President Nicolás Maduro and his close associates, the Swiss government said on Monday.

Authorities explained that the measure is intended to prevent any potential withdrawal or transfer of the funds from Switzerland.

They added that, if it is established that the assets were acquired through illegal means, the funds would be redirected for the benefit of the Venezuelan people.

The Swiss Foreign Ministry in Bern did not disclose whether Maduro currently holds assets in Switzerland, nor did it provide details on the possible value of any such assets.

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