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Outcome of Alex Saab's first major policy initiative as Minister of Industries by end of 2025?
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Resolution / Starting Odds
Successful implementation • 25%
Partial implementation • 25%
Failure • 25%
No major initiative • 25%
Official reports from the Venezuelan government or credible news analysis
Story
Maduro Appoints Alex Saab, Ex-U.S. Prisoner Accused of Money Laundering, as Industry Minister
Oct 18, 2024, 06:29 PM
Venezuelan President Nicolás Maduro has appointed Alex Saab, a Colombian businessman previously accused of money laundering by the U.S., as the new Minister of Industries. Saab, who was recently released from U.S. custody in a prisoner swap by the Biden-Harris administration, is notorious for making significant profits by importing substandard food for the Venezuelan government to distribute to low-income families. He succeeds Pedro Tellechea in this ministerial role. Saab's appointment has sparked controversy due to his past legal issues and his close ties to Maduro.
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