According to a decree published in the Venezuelan Official Gazette, former deputy Finance Minister Jesús Bermúdez was also disqualified
Venezuelan Official Gazette No. 39,755, dated September 12, issued a resolution by the Comptroller General Office according to which former Finance Minister Tobías Nóbrega was disqualified to hold public office for a 15-year period.
The Comptroller General also banned former deputy Finance Minister Jesús Bermúdez from holding public office for a 15-year period.
Nóbrega was the Venezuelan Minister of Finance between 2002 and 2004 and the sanction was imposed due to administrative irregularities in the sale of two buildings during his tenure as minister. Last year, the Comptroller General Office ordered the former official to pay a compensation of VEB 7 million (USD 1.63 million).
Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.