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Venezuela's Maduro threatens legal action against JPMorgan

Venezuela's President Nicolas Maduro speaks during his weekly broadcast 'En contacto con Maduro' (In contact with Maduro) in La Victoria, Venezuela November 20, 2016. Miraflores Palace/Handout via REUTERS

Venezuelan President Nicolas Maduro on Tuesday ordered state oil company PDVSA to look into legal action against JPMorgan Chase & Co (JPM.N) after the U.S. investment bank reported delays in $404 million in bond interest payments.

PDVSA said on Monday it was using a 30-day grace period for coupon payments on its 2035 bond but that reports of other payment delays were wrong. It suggested paying agent Citibank was creating a backlog that had spooked markets.

"JPMorgan's attitude is of a criminal nature," Maduro said during a salsa music program he broadcasts from the presidential palace. He said local...


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