China Financial Daily

Stanford International Bank was frozen the assets in Venezuela by Venezuela
Xinhua in Caracas, on February 19th (Xinhua Yi Nan) the Venezuelan government announced on 19th, because of Stanford in the United States charged with suspicion of financial fraud, the banking supervisory body of Venezuela has frozen the assets of Stanford International Bank in the Venezuelan branch, and decided to sell as soon as possible. Finance Minister of Venezuelan, Ali Rodriguez on 19th at a press conference said that at present, some companies have already expressed interest in the acquisition of Stanford Bank in Venezuela. He said that bank run which the bank happened on 18th were due to outside influence, had nothing to do with Venezuela’s domestic situation and did not affect Venezuela’s financial institutions. He urged depositors to stay calm.

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