The High Court in London ruled against Maduro’s government with money lagging on Thursday, and Judge Nigel Teare said Guaidóa had “unequivocally recognized” the Venezuelan president by the UK government.
Guaidó’s representative in London welcomed the verdict.
“It is a victory for the Venezuelan people and the rule of law and it shows the importance of separation of powers,” envoy Vanessa Neuman told CNN. “Gold is where it has always been, in [Bank of England], Maduro wanted to remove it, and we protected it because of the people. “
The Venezuelan central bank said it would appeal the verdict.
“The [central bank] he will immediately appeal the absurd and unusual decision of an English court that intends to deprive the Venezuelan people of the gold so urgently needed to fight the Covid-19 pandemic, “a tweet said on Thursday.
Maduro’s representatives in court assessed the verdict as “unsatisfactory”.
“It is very rare that a case of such international legal importance is decided only by referring to legal issues without taking into account the facts on the ground,” lawyer Sarosh Zaiwalla said in a statement.
The Bank of England previously told CNN it “does not comment on individual customer relationships”.
The bank holds about 400,000 bar of gold in its vaults, worth over £ 200 billion ($ 244.6 billion), according to its website. That makes him the second largest gold keeper in the world after the New York Federal Reserve.