Maduro Government Wins U.K. Appeal Over Venezuelan Gold
- Maduro seeking to get hold of $1 billion in gold held by BOE
- U.K. recognition of Guaido may not reflect reality on ground
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A British appeals court ruled in favor of the Venezuelan government of Nicolas Maduro, and said the legal fight over the future of $1 billion in gold stored in the vaults of the Bank of England should be reconsidered.
The judges Monday reversed a lower court ruling that the U.K. had unequivocally recognized opposition leader Juan Guaido as interim president, giving the Maduro administration another shot at getting control of the gold. The U.K. government’s statements on Guaido don’t reflect the reality of London’s continued diplomatic relations with Maduro, the justices led by Judge Stephen Males said.