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Switzerland freezes assets of Nicholas Maduro

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Switzerland freezes assets of Nicholas Maduro

Switzerland has announced the freezing of all financial assets in the country belonging to Venezuelan President Nicolás Maduro, a measure that also covers his closest associates, the Swiss government said on Monday

Authorities explained that the action is aimed at preventing the withdrawal of these funds from Switzerland.

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Switzerland freezes assets of Nicholas Maduro

They added that if it is determined the assets were acquired through illegal means, the money would be redirected to benefit the people of Venezuela.

The Swiss Foreign Ministry in Bern has not disclosed whether Maduro currently holds assets in Switzerland, nor the potential value of any such assets.

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