Scotiabank CEO Seeks Help for Troubled Venezuela in Op-Ed
- Porter urges governments to seize assets linked to corruption
- Opposition leader Guaido is ‘legitimate president,’ CEO says
A mural of Nicolas Maduro is seen on the wall of a building in the Jose Felix Ribas neighborhood of the Petare slum in Caracas.
Photographer: Ignacio Marin/BloombergThis article is for subscribers only.
Calling Venezuela one of “the most corrupt nations on Earth,” Bank of Nova Scotia Chief Executive Officer Brian Porter urged governments around the world to seize assets tied to wrongdoing and use them to support democracy in the troubled South American country.
The CEO of Canada’s third-largest lender, which has significant operations in Latin America, took the unusual step of weighing in on Venezuela’s political and humanitarian crisis through an op-ed piece published in the National Post on Tuesday.