Venezuelan Tycoon Sues US to Lift Narcotics Sanctions | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Venezuelan Tycoon Sues US to Lift Narcotics Sanctions

A top Venezuelan businessman close to President Nicolas Maduro's government has sued the U.S. Department of Treasury, alleging he's the victim of a false campaign identifying him as a international narcotics kingpin.

The lawsuit filed Tuesday by Samark López in Washington federal court said sanctions in 2017 designating him a “drug kingpin” had devastated his wealth, reputation and economic livelihood.

The lawsuit raises the stakes in one of the most far-reaching of dozens of sanctions cases brought against Venezuelan insiders in recent years and could undermine furtive attempts by the Biden administration to support a negotiated solution to the country's long running political impasse.

The Treasury's Office of Foreign Assets Control, or OFAC, in 2017 accused López of serving as a “frontman” for his friend and then Vice President Tareck El Aissami, who was sanctioned the same day.

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