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The US has placed a reward of $ 500 million, or 418 crore on the arrest of Venezuela President Nicolas Maduro.
The Trump administration has alleged that Maduro is one of the largest narco-smugglers in the world. Mudro is alleged to have been sending cocainels found in the US in association with drug cartel.
Attorney General Paam Bandy announced the reward on Thursday and said,
Maduro under the leadership of President Trump will not be able to avoid justice and will have to respond to his crimes. Bondi said that the Department of Justice seized assets worth more than $ 70 million associated with Maduro. It also includes two private jets.
Maduro was accused of narco terrorism in 2020
Maduro was framed for conspiracy for narco-terrarism and cocaine smuggling in the federal court of Manhattan in 2020.
At that time, the Trump administration had rewarded $ 1.5 million on his arrest. It was later increased by the Biden administration to $ 2.5 million. The same reward was put on the arrest of Osama bin Laden after 9/11 attacks by the US.
Maduro remains in power despite heavy reward. He won the 2024 election, facing criticism from the US, European Union and many Latin American countries. Many countries with the US supported this election fraud and considered his opponent as the real President.
America has imposed several restrictions on Venezuela
There have been political differences between Venezuela and the US for several decades. Venezuela criticizes American capitalist and foreign policies, while the US has expressed displeasure over human rights violations in Venezuela.
Oil reserves were discovered in Venezuela about 100 years ago. Venezuela became one of the world’s largest oil exporting countries only 20 years after the oil discovery. It came to be called Saudi Arabia of Latin America.
Venezuela was the fourth richest country in the world in the 1950s. But today the condition of this country has deteriorated. 75 percent of the country’s population is living below the poverty line. According to BBC, about 75 lakh people have left the country in the last 7 years.
Indeed, Venezuela was almost completely dependent on oil. Oil prices started falling in the 80s. The fall in prices also brought down Venezuela’s economy. Venezuela failed to repay her debt due to government policies.
Later, even if the price of oil increased, he could not take advantage of it. Venezuela’s condition worsened due to US sanctions in 2015.
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