Venezuela denies irregularities in check seized from Iranian
Regarding the current status of the check seized by the German authorities, Venezuela's public banking minister stressed that it has not been cashed. However, "they (Iranian construction company Kayson) hold a check book and manage their funds based on their own needs and their operation costs. It is a fully transparent operation"
He also rejected allegations that the transaction that involves state-run bank Banco de Venezuela was carried out so that Iran could avoid international sanctions for its nuclear program.
Torres told AP that neither the Venezuelan Government nor Banco de Venezuela had anything to do with the check issued for the value of VEB 300 million (equivalent to USD 47.6 million) and seized on January from an Iranian citizen who works for Iranian construction company Kayson, AP reported.
The minister explained that although the check is from a Venezuelan state-bank, Kayson, which holds a check book of Banco de Venezuela, signed it. The company is responsible for the use of its check book as provided by law.
Regarding the status of the seized check, Torres stressed that "to date, the check has not been cashed, yet they (Kayson), holders of a check book, will manage their funds based on their own needs and their operation costs. It is a fully transparent operation."
Translation by Jhean Cabrera
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.