About Eligio Cedeño
Born 1964. Eligio Cedeño is a Venezuelan businessperson.
Eligio Cedeño (born 1 December 1964; Caracas, Venezuela) is a president of CEDEL Group, Venezuela. He is in the United States, having been released on bail from charges in Venezuela of circumventing government currency rules to gain U.S. dollars.
Arrest and release In 2007 Cedeño, then President of Bolivar-Banpro Financial Group, was arrested in a crackdown by Venezuelan officials on individuals circumventing government currency rules to gain U.S. dollars. On 8 February 2007, Cedeño was accused by the Venezuelan Attorney General of aiding Consorcio MicroStar with illegal dollar transactions. He was accused by authorities of helping the company obtain over $25 million from the currency exchange board in order to pay for computer imports that never entered Venezuela. Partly as a result, the United Nations' Working Group on Arbitrary Detention in September 2009 declared Cedeño's detention arbitrary.
Cedeño's lawyers allege that he became a target of the Chávez government, as a consequence of his support for political opponents of Chávez. In addition to providing financial support to politicians, he provided assistance to union leader Carlos Ortega and columnist Patricia Poleo, both of whom would later be forced to flee Venezuela and seek political asylum. Further, still according to Cedeno's lawyers, the criminal charges against Cedeño appear to have been part of an orchestrated effort to force him to sell bank assets to individuals close to Chávez at an enormous discount. Cedeño's lawyers argued that the case "identifies the typical pattern employed by the pliant judiciary to attack Chávez's political opponents".
Held in jail pending trial for 34 months, Cedeño was paroled on 10 December 2009 by judge María Lourdes Afiuni. By the 19th Cedeño had fled to the United States, where he was detained by U.S. Immigration and Customs Enforcement until 23 December 2009 when he was released on parole pending an immigration hearing. Due to her decision to liberate Cedeño, Judge Afiuni was herself jailed.
On Wednesday, 18 May 2011, Judge Lourdes Martinez-Esquivel approved United States asylum for Eligio Cedeño in a Miami immigration court. Victor Cerda, his immigration attorney, said "the decision is objective proof that Eligio Cedeño was a political prisoner. Contrary to President Chávez's assertions, he is not a criminal."
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Important facts
People in Eligio Cedeño's life
Named in this biography and alive at the same time
Contemporaries
People whose lives overlapped Eligio Cedeño's
Frequently asked questions
Who is Eligio Cedeño?
Venezuelan banker
When was Eligio Cedeño born?
Eligio Cedeño was born on 1 December 1964 in Caracas.
What is Eligio Cedeño's occupation?
Eligio Cedeño is a businessperson.
What nationality is Eligio Cedeño?
Eligio Cedeño is Venezuelan.
Sources & further reading
Cite this page
APA: Biography.guide. (2026). Eligio Cedeño. https://biography.guide/eligio-cedeno/
MLA: "Eligio Cedeño." Biography.guide, https://biography.guide/eligio-cedeno/.
Chicago: "Eligio Cedeño." Biography.guide. https://biography.guide/eligio-cedeno/.
Data last updated: 2026-09-20 · Spot an error? Report a correction.
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