Jesse Chacon's brother Arne, who is the president of Banco Real, was arrested as part of an investigation into banking irregularities.
President Hugo Chavez said Mr Chacon's resignation was for the best.
The government has intervened in seven banks recently, all of which are accused of the misuse of public funds.
It has announced plans to liquidate at least two of them.
Jesse Chacon is by far the highest profile casualty of a growing banking scandal involving people with alleged links to some of the top figures in President Hugo Chavez's government.
Monday, December 7, 2009
Venezuela minister resigns over bank scandal
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment