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Reading: Trump doubles reward to $50 million for arrest of Venezuela’s President Nicolás Maduro: ‘Pathetic’
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StockWaves > Business > Trump doubles reward to $50 million for arrest of Venezuela’s President Nicolás Maduro: ‘Pathetic’
Business

Trump doubles reward to $50 million for arrest of Venezuela’s President Nicolás Maduro: ‘Pathetic’

StockWaves By StockWaves Last updated: August 8, 2025 3 Min Read
Trump doubles reward to  million for arrest of Venezuela’s President Nicolás Maduro: ‘Pathetic’
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Why Trump desires to arrest Maduro?Venezuela calls US bounty improve for Maduro ‘pathetic’

The Trump administration reportedly doubled to $50 million a reward for the arrest of Venezuela’s President Nicolás Maduro. US Lawyer Basic Pam Bondi stated on Thursday in a video saying the reward, “Beneath President Trump’s management, Maduro is not going to escape justice and he shall be held accountable for his despicable crimes.”

Why Trump desires to arrest Maduro?

Trump accused Maduro of being one of many world’s largest narco-traffickers and dealing with cartels to flood the US with fentanyl-laced cocaine, the Related Press reported.

Maduro was indicted in Manhattan federal courtroom in 2020, through the first Trump presidency, together with a number of shut allies on federal fees of narco-terrorism and conspiracy to import cocaine. 

On the time, the US provided a $15 million reward for his arrest. 

That was later raised by the Biden administration to $25 million — the identical quantity the US provided for the seize of Osama bin Laden following the September 11, 2001, assaults.

Regardless of the large bounty, Maduro stays entrenched after defying the US, the European Union and a number of other Latin American governments who condemned his 2024 reelection as a sham and recognised his opponent as Venezuela’s duly elected president.

Final month, the Trump administration struck a deal to safe the discharge of 10 Individuals jailed in Caracas in trade for Venezuela getting residence scores of migrants deported by the USA to El Salvador beneath the Trump administration’s immigration crackdown. 

Shortly after, the White Home reversed course and allowed US oil producer Chevron to renew drilling in Venezuela after it was beforehand blocked by US sanctions.

Bondi stated the Justice Division has seized greater than $700 million in belongings linked to Maduro, together with two non-public jets, and stated 7 million tonnes of seized cocaine had been traced on to the leftist chief.

Maduro’s workplace didn’t instantly reply to a request for remark.

Venezuela calls US bounty improve for Maduro ‘pathetic’

Venezuela stated Thursday it was “pathetic” and “ridiculous” that the US had doubled its bounty on Venezuelan President Nicolas Maduro to $50 million over federal drug trafficking fees.

“The pathetic ‘bounty’… is essentially the most ridiculous smokescreen now we have ever seen,” Venezuelan Overseas Minister Yvan Gil stated in a press release on Telegram, hours after US Lawyer Basic Pam Bondi introduced the rise.

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