According to the court, the Prosecutor’s Office did not present sufficient evidence to demonstrate that the assets represented an illicit or unjustified enrichment by the company that owns Alex Saab
A judicial ruling issued by Milton Joel Bello Balcárcel, a criminal judge of the Specialized Domain Extinction Circuit Saab Morán, today Minister of Industries and National Production of Nicolás Maduro.
According to the ruling, the Special Assets Company (SAE) must proceed with the delivery of the properties, which at the time were valued at approximately 35,000 million pesos.
In the sentence, Judge Bello Barcárcel concluded that it was not possible to demonstrate that the assets in question represent an unjustified patrimonial increase by the promoter Dubrera SAS, the legal entity that owns the real estate. Among the properties, a mansion of 3,740 square meters, whose value was estimated at $ 28,000 million at the time of its occupation by the judicial body, and that raised suspicion of the origin of the resources used for its acquisition.
In that sense, the extinction of the right to domain over the properties identified with real estate tuitions 040-409404, 040-42714, 040-81959, 040-409404, 040-409346, 040-409347 and 040-409348. Likewise, the public instrument registration of Barranquilla was ordered to cancel the embargo and suspension measures of the device power that had been imposed on these goods, in favor of Saab Morán.
The decision also instructs the SAE to carry out the necessary efforts to return the properties to its owner. According to the Court, the Prosecutor’s Office did not present sufficient evidence to demonstrate that the assets represented an illicit or unjustified enrichment by the owner.
*Also read: What was the final result of Alex Saab’s “difficult” exchange for 10 Americans?
Who is Alex Saab?
Alex Saab is an entrepreneur of its Colombian origin and It has become a controversial figure in recent yearsdue to his link with Hugo Chávez, and subsequently, with Nicolás Maduro, of which he became an ally. Since October 2024, and after being released by the United States, he held the position of Minister for the National Industry and Production of Venezuela.
Saab was pardoned by the United States government, which released it on December 20, 2023, despite facing money laundering and illicit enrichment charges. Although he was arrested in Cabo Verde in June 2020 and subsequently extradited to the United States to respond for this punishable, a negotiation between the then administration of Joe Biden and the Maduro dictator facilitated his return to the neighboring country.
«It is a completely difficult decision, but that results in liberation. As I said, Americans detained and the return of a fugitive wanted for justice by one of the most popular corruption scandals, ”said an American official, who asked not to be identified, with respect to this kind of exchange, because they achieved The release of 10 Americans detained in Venezuela.
The foregoing, in relation to a determination that at the time unleashed strong comments from those who have denounced what would be Saab’s actions: involved, for more than a decade, with the CLAP boxes, delivered by what was known as the Local Supply and Production Committee, and containing products of doubtful origin.
*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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