Former Venezuelan oil minister arrested in corruption probe

Tareck El Aissami was expected to appear in court on Tuesday (Matias Delacroix/AP)

Venezuela’s once powerful oil minister, who resigned unexpectedly last year, has been arrested in connection with an alleged scheme that siphoned hundreds of millions of dollars from state coffers, the government has said.

The Ministry of Communications released images of Tareck El Aissami being handcuffed and walking down a hallway flanked by officers.

Attorney general Tarek William Saab told reporters that El Aissami will make his first court appearance on Tuesday on charges that include treason, money laundering and criminal association.

Mr Saab did not say when El Aissami was arrested.

The oil minister resigned a few days before senior officials in the government of President Nicolas Maduro and business leaders were arrested in March 2023 as part of an investigation into the corruption scheme that was based on international oil sales.

El Aissami disappeared from public life after the arrests and his whereabouts were frequently questioned.

Mr Saab said El Aissami’s arrest took time because of the various steps in the investigation. The top prosecutor tied the former minister to the alleged scheme that involved selling Venezuelan oil through the country’s cryptocurrency oversight agency in parallel to the state-run Petroleos de Venezuela SA.

Mr Saab last year said the oversight agency allegedly signed contracts for the loading of crude on ships “without any type of administrative control or guarantees”, violating legal regulations. He said that once the oil was marketed, “the corresponding payments were not made” to the state oil company.

In announcing his resignation — seen as shocking from someone portrayed as a loyal ruling party member and considered a key figure in the government’s efforts to evade punishing international economic sanctions — El Aissami said he wanted to “fully support” the investigations.

The US designated El Aissami a narcotics kingpin in 2017 in connection with activities in his previous positions as interior minister and governor.