Venezuela arrests 11 top executives at leading bank Banesco

by VTV405 May 2018 Last updated at 08:38 AM

VTV.vn - Venezuela said on Thursday it had arrested 11 top executives of the country's leading private bank, Banesco, for "attacks" against the country's rapidly depreciating currency.

Some 1,380 bank accounts were blocked, of which 1,000 belong to Banesco, according to officials. These accounts are reported to have participated in exchanges which affect the currencies of Bolivar and Venezuela. The arrests of the 11 senior executives of Banesco took place after the investigation carried out in the framework of an operation called "Hands of Paper", which seeks to dismantle groups that allegedly attack the Venezuelan economy through the extraction of cash and illicit exchange.

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