'CITGO 6' oil executives released to house arrest in Venezuela in apparent goodwill gesture to US

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'CITGO 6' oil executives released to house arrest in Venezuela in apparent goodwill gesture to US
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Venezuelan Foreign Minister Jorge Arreaza retweeted a message calling the release of 5 US citizens and a Venezuelan citizen, collectively known as the 'CITGO 6,' a goodwill gesture to honor the 'agenda of the new White House.'

The group, collectively known as"CITGO 6," consisted of former executives of US-based refinery CITGO. They were arrested in 2017 on embezzlement charges stemming from a never-executed proposal to refinance some $4 billion in CITGO bonds by offering a 50% stake in the company as collateral. Last year, they were sentenced to between 8 and 13 years in prison.

Bill Richardson, who has acted as a non-government negotiator to lobby for the men's release -- said:"We are relieved to hear today that Tomeu Vadell, Alirio Zambrano, Jose Luis Zambrano, Gustavo Cárdenas, Jorge Toledo and Jose Pereira, known as the CITGO-6, have been released from prison and granted house arrest in Venezuela. This is a positive and important step that should help secure their wellbeing during the COVID-19 outbreak in Venezuela.

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