MIAMI (AP) — Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million, alleging it conspired to lure them to the South American country under a false pretext and then abandoned them as they endured horrendous prison conditions for crimes they didn’t commit.
Brothers Alirio and Jose Luis Zambrano were among six executives at Citgo who traveled to Venezuela right before Thanksgiving in 2017 to attend a meeting at the headquarters of the company’s parent, the Venezuelan-run-oil giant known as PDVSA. Once there, they were hauled from a Caracas conference room by masked security agents.
A Venezuelan judge later convicted the so-called Citgo 6 to between 8 and 13 years in prison following a trial denounced by the U.S. State Department as marred by delays and irregularities. The charges: involvement in a never-executed debt financing deal that would’ve risked seeing the Houston-based company seized by Wall Street creditors.
Source: APNEWS
