Prosecutor Grants House-Arrest Benefits to Six Former Citgo Executives

Six Citgo executives, a subsidiary of the Venezuelan state oil company PDVSA in the United States, arrested in November 2017 received house-arrest benefits after leaving jail in Venezuela, two sources close to the case said on Monday 8-D.

Upon being apprehended, the Venezuelan attorney general, Tarek Saab, explained that in July 2017 the former directors signed a million dollar agreement to refinance Citgo’s debt under unfavorable conditions for Venezuela and that they compromised company assets by placing it as collateral without coordination and approval from Caracas.

RELATED CONTENT: Venezuelan Attorney General Announces the Release of 24 Detainees

The six executives, all Venezuelans but some with dual US citizenship, were detained at the headquarters of the military counterintelligence directorate in Caracas. The Ministry of Communication and the Venezuelan Prosecutor’s Office did not immediately respond to requests for comment.

The vice president of the United States, Mike Pence, and two senators from that country had asked Venezuela to release José Luis Zambrano, Alirio Zambrano, Jorge Toledo, Tomeu Vadell, Gustavo Cárdenas and José Pereira, arguing medical reasons.

The group was arrested after being summoned to a meeting at the headquarters of the state oil company in Caracas in November 2017.

Source URL: Aporrea

Translated by JRE/EF