What will happen to Alejandro Andrade's fortune?


November 27, 2018 14h13
Updated November 27, 2018 at 2:15 p.m.

The fortune of Alejandro Andrade, retired lieutenant and former treasurer of Venezuela, has been confiscated and will be auctioned by the US government after being sentenced to 10 years in prison for corruption cases.

Andrade admitted in a document handed to the US Court that he accepted bribes during his term in 2007 and 2017 of approximately $ 1 billion. Thanks to these companies, the retired lieutenant's fortune was raised to $ 3 billion, he said. To the Ship.

Thanks to these agreements, Andrade's belongings were distributed to nine bank accounts in Switzerland and the US, where he had six Florida-based mansions, 13 luxury vehicles, 35 luxury watches and 17 horses. All of these assets were seized by the Federal Court of the Southern District of Florida after its decision.

As this money was illegally accumulated, the US law stipulates that it must be redistributed from an auction, but the Venezuelan Legislative Branch has considered the recovery of these assets with the proposal of a law.

Carlos Tabalante Hidalgo, renowned politician, explained For the ship that this money could be recovered by means of a law proposed by the National Assembly, which consists of acquiring assets obtained from those involved in cases of corruption and used for the funds of the humanitarian aid plans, emphasizes that, without this law, the entity O Venezuelan would not have a chance at auctions.

"The United States claims that since there was no legal action or interest in investigating Andrade in Venezuela, they took their taxpayers' funds to do the investigation, which lasted two or three years, so they have the resources to compensate. taxpayers, "Tablante explained.

Although the Venezuelan politician supports this argument, he considers that the money continues to belong to the nation. He added that they are generally slow procedures and could take up to 15 years, as demonstrated by the dictatorships in Chile and Peru, but that money flow would motivate the US government to implement more sanctions or tighten those that have already been imposed.

Even with these considerations, Florida County law stipulates that the goods will be auctioned to the highest bidder regardless of the conditions.

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