HomeStockVenezuelan court docket upholds lengthy jail stints for 'Citgo Six' By Reuters

Venezuelan court docket upholds lengthy jail stints for ‘Citgo Six’ By Reuters

© Reuters. FILE PHOTO: The company logos of the state oil firm PDVSA and Citgo Petroleum Corp are seen in Caracas, Venezuela April 30, 2018. REUTERS/Marco Bello/File Picture/File Picture

By Deisy Buitrago

CARACAS (Reuters) – A Venezuelan appeals court docket has upheld lengthy jail phrases on corruption fees for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil firm PDVSA, the nation’s prime court docket stated.

The Supreme Court docket of Justice didn’t provide particulars late on Friday in regards to the ruling on the executives, who had been sentenced in November 2020. The ninth court docket of appeals in capital Caracas “confirmed the sentence”, the court docket stated in a press release.

The previous executives, all naturalized U.S. residents, had been detained by Venezuelan authorities in 2017, accused of signing an unfavorable debt refinancing deal. Washington has repeatedly demanded their launch.

Their lawyer, Maria Alejandra Poleo, informed Reuters they’d not but been formally knowledgeable of the choice.

“We anticipated the choice, now the Citgo Six are getting used as trade tokens within the political problems with america and Venezuela,” Poleo stated.

Former Citgo president Jose Pereira was sentenced to 13 years and 7 months in jail and a $2 million nice, whereas the remaining 5 males face phrases of eight years and 10 months.

The Venezuelan Ministry of Communication and Info didn’t instantly reply to a request for remark.

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