BOGOTA, Colombia — A former Swiss banker has been sentenced to 10 years in prison for his role laundering $1.2 billion stolen from Venezuela’s state oil company in a case implicating President Nicolas Maduro’s stepsons. Matthias Krull is cooperating with prosecutors, and the judge in Monday’s hearing said his sentence could be reduced. The former Julius Baer banker will remain free on bail until April. Two Americans familiar with the probe have said Krull told prosecutors that the money laundering plot included Maduro’s three stepsons and the owner of Venezuela’s largest private TV network. The two spoke on condition of anonymity because they were not authorized to discuss the case.

Source: Washington Post October 29, 2018 16:41 UTC