Switzerland has frozen any assets owned by U.S.-detained Venezuelan President Nicolas Maduro and others associated with him held in the European country.
Jan. 6 Switzerland has frozen any assets in the country owned by U.S.-detained Venezuelan President Nicolas Maduro and others associated with him to ensure that if they were stolen from the Venezuelan people, they can be rightly returned.
The asset freeze went immediately into effect when it was announced on Monday, but does not impact members of the current Venezuelan government, Switzerland’s Federal Council said in a statement.
The freeze is to prevent funds from leaving the country. In the case that future legal proceedings show that the assets were illicitly acquired, Switzerland said it will “endeavor to ensure that they benefit the Venezuelan people.”
“The Federal Council wants to ensure that any illicitly acquired assets cannot be transferred out of Switzerland in the current situation”, it said.
