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US Doubles Bounty on Nicolás Maduro to $50 Million

The increase coincides with more than $700 million in asset seizures to underpin US efforts to hold Maduro responsible for alleged drug terrorism.

Nicolás Maduro
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Archiv: Nicolas Maduro während einer Pressekonferenz im Miraflores-Palast in Caracas am 31.07.2024

Overview

  • The Department of Justice and State Department set the $50 million reward for information leading to Maduro’s arrest, marking the highest bounty ever offered by the US for a foreign head of state.
  • US officials accuse Maduro of orchestrating drug terrorism and collaborating with criminal groups such as Tren de Aragua and the Sinaloa cartel.
  • Authorities have frozen or confiscated over $700 million in assets linked to Maduro, including two private jets, and traced large cocaine shipments directly to his network.
  • Venezuelan Foreign Minister Yván Gil dismissed the bounty as a “ridiculous propaganda stunt” and refused to recognize its legitimacy.
  • Washington, the EU and several Latin American governments continue to reject Maduro’s disputed 2024 election and recognize opposition leader Edmundo González as Venezuela’s rightful president.