Swiss authorities have dropped their extradition request against businessman Alejandro Betancourt, after U.S. officials urged Switzerland to withdraw the request before British courts. A London court had previously lifted a travel ban against Betancourt in May.

Betancourt's lawyer stated that Switzerland did not present sufficient evidence to support the extradition request, leading to the travel ban's removal. However, this action does not necessarily signify the end of Swiss investigations into the businessman.

Betancourt, described as a "colourful oil baron," has been identified as a key figure in recent U.S.-Venezuela diplomatic exchanges. According to reports, in the immediate aftermath of a military operation on January 3 that resulted in the seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, Betancourt acted as an intermediary between Maduro's government and U.S. Senator Marco Rubio. Betancourt's lawyer corroborated this account, stating his client "had nothing to do with Maduro's departure, but since he had everyone's trust, he became an intermediary."

Delcy Rodríguez, who is now the interim president of Venezuela, defended Betancourt on Wednesday, asserting that he has no pending legal cases in Venezuela or the United States. She commented that individuals are "often judged in the media before in the courts."

Betancourt's career has been marked by his ability to navigate complex political and business landscapes. He prospered during the presidency of Hugo Chávez, with his electrical engineering firm, Derwick Associates, securing contracts to build power plants. Observers note his skill in positioning himself advantageously in business and political dealings.

Former US envoy Mauricio Claver-Carone was reported to be Betancourt's main supporter in Washington Secretary Rubio defended the partnership with Betancourt