Is Venezuela's Maduro trafficking Nazi gold stolen from Holocaust victims?

“The data revealed Nazi ingots containing 'Zahngold,' the gold fillings pulled from the mouths of Jewish corpses between the gas chambers and the crematoria,” Dr. Shimon Samuels said.

June 19, 2019 20:56
3 minute read.
Is Venezuela's Maduro trafficking Nazi gold stolen from Holocaust victims?

Venezuela's President Maduro touches a gold bar as he speaks during a meeting with the ministers responsible for the economic sector in Caracas. (photo credit: MARCO BELLO/REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The Simon Wiesenthal Center is looking into whether or not Venezuelan dictator Nicolás Maduro has been trafficking Nazi gold that includes ingots made from fillings taken from Jews murdered in the Holocaust.

The Center said in a statement on Wednesday that it’s studying information exposed by the Wall Street Journal  indicating that Maduro has managed to hold onto his regime through selling some 73.3 tons of gold valued at $3 billion, to Middle East and Turkish companies between 2017 and February 2019.

In March, it was reported that a further 7.4 tons of gold ingots, valued at $300 million, were sent in two flights of a Russian aircraft from Caracas to Entebbe, for "refining" and sent on to a Middle Eastern country.

Such actions are in violation of United States sanctions, which were imposed on the country under then-president Barack Obama in 2015.

The Center’s director for International Relations, Dr. Shimon Samuels said in the statement that “in 1997, I was granted access to the Spanish Central Bank archives on gold transports between 1936 and 1945.”

“The data revealed Nazi ingots containing Zahngold, the gold fillings pulled from the mouths of Jewish corpses between the gas chambers and the crematoria,” he said.

According to the center, “these ingots were sent from Germany to then-dictator Francisco Franco’s Spain,” with part of it going to South America, “principally Paraguay, for passage from Argentina to Venezuela.”

These ingots were reportedly being used to “sustain ODESSA, the so-called network of Nazi fugitives bent on building a 4th Reich,” the Wiesenthal Center added.

“Another holding in the Madrid Central Bank, was reportedly transferred to the British Embassy in April 1945 and sent to the UK as a form of ‘life insurance’ for Franco and to prevent a Communist takeover of Spain,” Samuels said.

He explained that in response to an inquiry by the Wiesenthal Center in 1997, which referred to a cache of gold coins sent to London from Germany - a transfer unknown to the watchdog Tripartite Gold Commission - then-British foreign minister Malcolm Rifkind claimed “he had no knowledge of the Spanish ingots.”

“The chaotic immediate post-war conditions and super fungibility, do not rule out part of the consignment being sent on to the United States, ostensibly for Marshall Plan anti-Communist measures in Europe, diverted to Caracas to pay for oil provided to the American war effort,” he said.

“Indeed,” he said. “Ugandan police claimed that the gold flown by two Russian aircraft in March, had United States markings. In Entebbe airport, the shipment was taken by African Gold Refinery (AGR) for 'refining' and then ’export to the Middle East.’”

"Of the two lots sent in March, the first of 3.8 tons was treated and sent out of Uganda immediately,” Samuels highlighted. “The second of 3.6 tons were seized and impounded by Ugandan police. Apparently, President [Yoweri] Museveni ordered the release of the gold and its trace was lost, though two tons were reportedly auctioned in Turkey."

Samuels reasoned that if the Ugandan shipment had been held “for ‘DNA’ and routing analysis, justice may still have been done for the Venezuelan people and to the integrity of Holocaust memory.”

 “Despite the African Gold Refinery claims that the final destination was Dubai, via Turkey, if the final destination was a ‘Muslim country,’ possibly to Iran as end-user to fund terror, Maduro may be the agent of a historic irony: Gold stolen from Jews in the Shoah to finance another genocidal intent, this time against the Jewish State,” the Center stated.

According to Samuels, the Ugandan police said that “the paperwork with the bars showed that they were from the 1940's,” and that “other witnesses claimed to have seen that many of the ingots had stamps clumsily scratched off to hide their origin.”

"We urge a full investigation into the activities of  African Gold Refinery and its management’s reportedly nefarious role in the theft of the Venezuelan people’s property, the dubious origin of its gold transport and involvement in a possible Holocaust travesty,” he added.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

THE IRISH flag atop the historic post office in Dublin.
July 16, 2019
Dublin City Council wants to renovate Ireland’s oldest Jewish cemetery


Cookie Settings