Venezuelan Regime Sentences Citgo Executives to Prison

The Venezuelan regime convicted and sentenced to lengthy prison terms the six US oil executives of oil company Citgo, held for three years in Venezuela following a reunion with members of the country’s state-run firm PDVSA.

The Venezuelan regime convicted and sentenced to lengthy prison terms the six US oil executives of oil company Citgo, held for three years in Venezuela following a reunion with members of the country’s state-run firm PDVSA.

According to an El Pais Friday report, Jorge Toledo, Alirio Zambrano, Gustavo Cardenas, Tomen Vadell and Jorge Luis Zambrano were sentenced to eight years and 10 months in prison. The report pointed out that Jose Pereire, who is a permanent resident of the United States, received 12 years. 

The socialist regime of dictator Nicolas Maduro charged the Citgo executives with embezzlement tied to a never-executed proposal to refinance around $4 billion of Citgo bonds. All six maintain their innocence.

In a statement, Citgo said that company representatives have only seen media reports of their colleagues’ conviction. “While we do not have first-hand knowledge of these reported convictions, we are distressed to read about this outcome. We continue to pray for them and their families and hope for a resolution that will lead to their prompt release. We also hope that the Venezuelan authorities honor the request of the United States Government that they be released,” the company said.


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