Venezuelan Sports Official Busted with Undeclared Cash in Bulgaria

The Venezuelan man who was busted carrying EUR 407 000 in undeclared cash through a Sofia airport last week has turned out to be a sports ministry official.

Jose Ovidio Almeida, who arrived on an October 2 flight from Caracas via Madrid, is no longer in custody but may not leave the country while prosecutors decide whether to bring charges.

A Venezuelan embassy official has told Reuters Almeida is a sports ministry official who was authorised to carry the money to pay for a training camp.

If found guilty, he faces a fine of double the amount of money involved, or up to six years in prison.

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