Son-in-law of Venezuelan Opposition Leader Sentenced in Oil Company Fraud

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Venezuela,Corruption,Oil Industry

Fernando Vuteff, son-in-law of Venezuelan opposition leader Antonio Ledezma, was sentenced to 2.5 years for his role in a $1.2 billion money laundering scheme involving the state-owned oil company.

The son-in-law of a prominent Venezuelan opposition leader was sentenced Tuesday to two and a half years in prison for his role in a vast conspiracy to siphon $1.2 billion from the state-owned oil company. Some of which allegedly landed into accounts controlled by Fernando Vuteff, 53, was arrested on a U.S. warrant in 2022 in Switzerland while on a visit to retrieve a valuable watch from a safe deposit box held at a bank in Zurich.

The Argentine asset manager is the son-in-law of former Caracas Mayor Antonio Ledezma, a fierce Maduro opponent

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