ExxonMobil accused of funding Venezuelan opposition through cryptocurrency

CARACAS – Venezuelan prosecutor Tarek William Saab has accused ExxonMobil (NYSE:) of involvement in a scheme to finance opposition actions towards Venezuela’s stance on the Essequibo territory. The allegations come within the wake of a December 3 referendum relating to the disputed space.

Saab said that the oil big used USDT cryptocurrency and intermediaries to channel funds to conspirators opposing the Venezuelan authorities’s place on Essequibo. Because of this, fourteen arrest warrants have been issued for varied people, together with opposition leaders and former allies of the late President Hugo Chavez.

The contentious referendum noticed over 10 million Venezuelans forged their votes. In response to Saab, the funding operation for the opposition concerned people with ties to political figures from america and El Salvador.

In response to those allegations, ExxonMobil CEO Darren Woods has denied any involvement in such actions. In a latest interview, Woods emphasised the corporate’s concentrate on aiding Guyana with their useful resource growth somewhat than partaking in political plots.

This scandal is harking back to an earlier incident this yr when officers from Sunacrip, Venezuela’s cryptocurrency regulator, have been arrested for corruption involving crypto transactions associated to grease gross sales.

The implications of those accusations may very well be vital for ExxonMobil’s operations and relations within the area, particularly given the continuing geopolitical tensions surrounding the Essequibo territory.

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