Alejandro Betancourt, previously investigated by Swiss authorities for money laundering and barred from the UK, has been chosen by Donald Trump to oversee more than 65 billion barrels of Venezuelan oil. The appointment raises eyebrows given Betancourt’s legal issues and past scrutiny. Swiss investigations focused on potential illicit financial activities involving Betancourt and associates. His travel was subsequently restricted in Britain, adding to concerns about his background. Trump’s decision to entrust him with a key role in Venezuela’s oil reserves is unexpected, considering the sensitivity surrounding the nation’s resources and the ongoing political crisis. Critics are questioning the vetting process and the implications of this appointment for US policy towards Venezuela. This move places a figure under financial investigation at the heart of efforts to control Venezuela’s vast oil wealth.

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