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Monday, March 28, 2016

El Chapo's Alleged Money Launderer Captured

A man suspected of being the top money launderer for the jailed drug kingpin Joaquin "El Chapo" Guzman has been captured by Mexican security forces, according to the authorities.
Juan Manuel Alvarez Inzunza, nicknamed "King Midas", was arrested by elite troops while on holiday in the southern state of Oaxaca.
Investigators claim the 34-year-old operated a network of companies and currency exchange centres through which up to $400m (£282m) passed each year for Guzman's Sinaloa cartel - a total of more than $4bn (£2.8bn) in a decade.
The police said in a statement: "Groups of elite federal police and the Mexican Army arrested Juan Manuel Alvarez Inzunza, nicknamed 'El Rey Midas' ('King Midas') in Oaxaca."
Alvarez Inzunza, whose alleged money laundering operation stretched into Colombia, Panama and the US, is now facing extradition to America.
The Sinaloa cartel is considered one of Mexico's most powerful drug gangs and was led by Guzman, who was captured in January after escaping through a hole in his jail cell's shower in July.
Guzman had escaped twice from maximum-security prisons.

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