Skip to main content
Venezuelan authorities arrest bankers for attempting to ‘demolish’ the economy
Venezuela's largest private bank Banesco

VENEZUELAN authorities have arrested 11 bankers over attacks on the country’s currency aimed at “demolishing” the economy before elections later this month.

Bosses at Banesco, Venezuela’s leading private bank, were detained yesterday as part of the Hands of Paper operation, which is investigating groups alleged to be sabotaging the economy by taking cash abroad and illegally exchanging money.

The arrests were made the day after more than 1,000 bank accounts were blocked for irregularities following a probe into illegal currency exchanges.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
THE RESOLVE UNALTERED: Venezuela's acting President Delcy Rodriguez, center, makes a statement flanked by Interior Minister Diosdado Cabello, right, and National Assembly President, Jorge Rodriguez, at Miraflores presidential palace in Caracas, Venezuela on Wednesday
Features / 16 January 2026
16 January 2026

International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE

Demonstrators protest outside of the White House in Washington, November 15, 2025
Latin America / 18 November 2025
18 November 2025

The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE

Colombia protest
Features / 31 October 2025
31 October 2025

Colombia’s success in controlling the drug trade should be recognised and its sovereignty respected, argues Dr GLORY SAAVEDRA