Venezuela’s government says the country’s former oil minister has been arrested on allegations of corruption
Venezuela’s once powerful oil minister, who resigned unexpectedly last year as prosecutors probed corruption and other wrongdoing at the highest levels of the state-run crude industry, has been arrested in connection with an alleged scheme that siphoned hundreds of millions of dollars from state coffers, the government announced Tuesday. The Ministry of Communications released images of Tareck El Aissami being handcuffed and walking down a hallway flanked by officers.
Saab said El Aissami’s arrest took time because of the various steps in the investigation. The top prosecutor tied the former minister to the alleged scheme that involved selling Venezuelan oil through the country’s cryptocurrency oversight agency in parallel to the state-run Petróleos de Venezuela SA. Saab last year said the oversight agency allegedly signed contracts for the loading of crude on ships “without any type of administrative control or guarantees,” violating legal regulations.
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