Similarly, President Nicolas Maduro announced on 15 January 2014 as Minister of Finance, a position that was dismissed by the National Assembly on 28 April 2016.

He participated in the coup attempt, led by Hugo Chávez, on 4 February 1992 against President Carlos Andrés Pérez.

By April 2016, the National Assembly, with more than 3/5 of those present, approved their removal from the position of Economy, Finance and Public Banking.

[4][5] On 5 January 2018 the US Department of State issued sanctions against Rodoldo Clemente and 3 other officials of the Venezuelan government for their links with corruption networks.

[6][7] The State Department assures that these "high-ranking military officers and officials benefit from corruption under the Maduro regime as citizens, the economy and democratic institutions languish."