In a statement, the Swiss government explained that the reasons for Maduro’s loss of power are not decisive for ordering a freeze under the aforementioned law. This means that it is not decisive whether Maduro’s removal was legal or contrary to international law.
The decisive factor is that the loss of power has occurred and there is now the possibility that the state of origin can initiate legal assistance proceedings in relation to illegally acquired assets.
The freezing opens the way for this. Should it be proven in subsequent court proceedings that the funds are of illicit origin, Switzerland will ensure that they are returned in favour of the Venezuelan people, the Swiss government explained. The ordinance is valid for four years until further notice.