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Latin Times
Latin Times
Politics
Pedro Camacho

Bankers Accused in Oil-Linked Fraud Case Remain Jailed in Venezuela Despite Court-Ordered Release, Highlighting Limits of U.S. Influence

Venezuelan bankers Carmelo and Daniel De Grazia were arrested in April 2024 and are held in Caracas’ Rodeo I prison (Credit: Robert & Ethel Kennedy Human Rights Center)

Two Venezuelan bankers accused in a multibillion-dollar oil-linked fraud case remain imprisoned in Caracas despite a court order for their release, underscoring persistent gaps in the rule of law and raising questions about the extent of the Trump administration's influence in the country following the ouster of Nicolás Maduro, as a new sprawling report from WLRN Public Media has revealed.

Carmelo and Daniel De Grazia, arrested in April 2024 and held in Caracas' Rodeo I prison, were ordered transferred to house arrest by a Venezuelan judge on March 16. However, prison authorities have refused to comply.

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