Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
El Chapo's alleged money launderer 'King Midas' arrested in Mexico
Source: The Guardian and agencies
El Chapo's alleged money launderer 'King Midas' arrested in Mexico
Juan Manuel Alvarez is suspected of laundering $4bn over the past
decade for drug lord Joaquin Guzman’s Sinaloa cartel
Staff and agencies
Monday 28 March 2016 05.14 BST
Mexico’s federal police said they have detained a man identified as one of the top money launderers for drug lord Joaquín “El Chapo” Guzmán, who they say laundered $4bn in the past decade.
The police agency said on its Twitter account that Juan Manuel Alvarez, known as “King Midas”, was detained in the southern state of Oaxaca.
Alvarez is suspected of laundering $300m-$400m a year for Guzmán’s Sinaloa cartel through a network of companies and currency exchange centres, adding up to a total of around $4bn.
In a written statement, the police and the interior department said the arrest was carried out in a joint operation with the army and was the result of intelligence work.
[font size=1]-snip-[/font]
Juan Manuel Alvarez is suspected of laundering $4bn over the past
decade for drug lord Joaquin Guzman’s Sinaloa cartel
Staff and agencies
Monday 28 March 2016 05.14 BST
Mexico’s federal police said they have detained a man identified as one of the top money launderers for drug lord Joaquín “El Chapo” Guzmán, who they say laundered $4bn in the past decade.
The police agency said on its Twitter account that Juan Manuel Alvarez, known as “King Midas”, was detained in the southern state of Oaxaca.
Alvarez is suspected of laundering $300m-$400m a year for Guzmán’s Sinaloa cartel through a network of companies and currency exchange centres, adding up to a total of around $4bn.
In a written statement, the police and the interior department said the arrest was carried out in a joint operation with the army and was the result of intelligence work.
[font size=1]-snip-[/font]
Read more: http://www.theguardian.com/world/2016/mar/28/el-chapos-alleged-money-launderer-king-midas-arrested-in-mexico
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
