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Reuters
Reuters
Politics

Britain's High Court rules against Venezuela's Maduro in latest gold battle

Nicolas Maduro Venezuela Gold Britain Bank of England London
FILE PHOTO: Venezuela's President Nicolas Maduro looks on during a meeting with Alejandro Dominguez, president of the South American Football Confederation CONMEBOL, at the Miraflores Palace, in Caracas, Venezuela July 11, 2022. REUTERS/Leonardo Fernandez Viloria

Britain's High Court rejected Nicolas Maduro's latest efforts on Friday to get control of more than $1 billion of Venezuela's gold reserves stored in the Bank of England's underground vaults in London.

The court ruled that judgements by the Maduro-backed Venezuelan Supreme Court that the gold should be moved from London should be disregarded.

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