Venezuelan President Nicholas Maduro addresses members of CARICOM at a plenary session during the 40th Heads of government meeting at the Hilton Trinidad and Conference Centre July 6, 2013. REUTERS/Andrea De Silva
CARACAS (Reuters) - Venezuela has arrested five officials and charged them with embezzling $84 million from a China-financed development fund administered by state-run development bank Bandes, President Nicolas Maduro said on Monday.
Maduro did not say whether the case was linked to charges by U.S. authorities earlier this year that employees of a New York broker-dealer had created an elaborate kickback scheme to ensure it won Bandes' bond-trading business.
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