Venezuela denies irregularities in check seized from Iranian
Regarding the current status of the check seized by the German authorities, Venezuela's public banking minister stressed that it has not been cashed. However, "they (Iranian construction company Kayson) hold a check book and manage their funds based on their own needs and their operation costs. It is a fully transparent operation"
He also rejected allegations that the transaction that involves state-run bank Banco de Venezuela was carried out so that Iran could avoid international sanctions for its nuclear program.
Torres told AP that neither the Venezuelan Government nor Banco de Venezuela had anything to do with the check issued for the value of VEB 300 million (equivalent to USD 47.6 million) and seized on January from an Iranian citizen who works for Iranian construction company Kayson, AP reported.
The minister explained that although the check is from a Venezuelan state-bank, Kayson, which holds a check book of Banco de Venezuela, signed it. The company is responsible for the use of its check book as provided by law.
Regarding the status of the seized check, Torres stressed that "to date, the check has not been cashed, yet they (Kayson), holders of a check book, will manage their funds based on their own needs and their operation costs. It is a fully transparent operation."
Translation by Jhean Cabrera
A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.