In February, Venezuela's National Assembly under opposition leader Juan Guaidó — who the U.S. and about 50 other governments have recognized as Venezuela's legitimate leader following his unsuccessful attempt to wrest control from Maduro — named a new board to run Citgo in a move to protect the country’s assets that Guaidó says will be crucial for a future economic recovery after Maduro leaves office. Maduro has accused the opposition of trying to “steal” Citgo. ...
Complicating the situation, Citgo recently received a subpoena from the U.S. Justice Department as part of an investigation into bribery in PDVSA. Twenty-one people have been charged, and 16 have pleaded guilty. One of them, a Venezuelan-American businessman from Miami, admitted bribing a senior Citgo executive. Citgo is conducting its own independent investigation with outside counsel
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