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Venezuela's rival leaders begin legal battle over gold in London bank

Venezuela's rival leaders, President Nicolás Maduro and his western-backed opponent Juan Guaido, began a legal tug-of-war on Monday over $1 billion of the country's gold stashed deep under the Bank of England in London.
 
In a High Court hearing due to last four days, the Venezuelan central bank (BCV), controlled by Mr. Maduro's government, is seeking an order to force the Bank of England to release the bullion that, like many countries, it stores there for safe keeping.
 
Lawyers representing the bank say selling the gold, which amounts to around 15% of Venezuela's foreign currency reserves, would fund the response to the coronavirus and bolster a health system gutted by six years of economic crisis.


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