x

US oil executives jailed in Venezuela given house arrest

2 months 2 weeks 4 days ago Monday, December 09 2019 Dec 9, 2019 December 09, 2019 10:08 PM December 09, 2019 in News - AP Texas Headlines

By JOSHUA GOODMAN
Associated Press Writer

MIAMI (AP) - Six American oil executives held in an overcrowded Venezuelan prison for two years on corruption charges have been granted house arrest. The partial release on Monday of the six employees of Houston-based Citgo was confirmed to The Associate Press by two people familiar with the case. The men were hauled away while on a business trip to Caracas just before Thanksgiving in 2017. They are awaiting trial on corruption charges stemming from a neve -executed plan to refinance some $4 billion in Citgo bonds by offering a 50 percent stake in the company as collateral.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More News

Radar
7 Days