AIRLINK 80.02 Increased By ▲ 0.61 (0.77%)
BOP 5.33 No Change ▼ 0.00 (0%)
CNERGY 4.37 Decreased By ▼ -0.01 (-0.23%)
DFML 35.15 Increased By ▲ 1.96 (5.91%)
DGKC 77.69 Increased By ▲ 0.82 (1.07%)
FCCL 20.55 Increased By ▲ 0.02 (0.1%)
FFBL 31.50 Increased By ▲ 0.10 (0.32%)
FFL 9.77 Decreased By ▼ -0.08 (-0.81%)
GGL 10.28 Increased By ▲ 0.03 (0.29%)
HBL 117.15 Decreased By ▼ -0.78 (-0.66%)
HUBC 133.81 Decreased By ▼ -0.29 (-0.22%)
HUMNL 6.98 Decreased By ▼ -0.02 (-0.29%)
KEL 4.55 Decreased By ▼ -0.12 (-2.57%)
KOSM 4.65 Decreased By ▼ -0.09 (-1.9%)
MLCF 37.60 Increased By ▲ 0.16 (0.43%)
OGDC 136.60 Decreased By ▼ -0.10 (-0.07%)
PAEL 23.15 No Change ▼ 0.00 (0%)
PIAA 27.07 Increased By ▲ 0.52 (1.96%)
PIBTL 6.93 Decreased By ▼ -0.07 (-1%)
PPL 113.34 Decreased By ▼ -0.41 (-0.36%)
PRL 27.43 Decreased By ▼ -0.09 (-0.33%)
PTC 14.85 Increased By ▲ 0.10 (0.68%)
SEARL 57.28 Increased By ▲ 0.08 (0.14%)
SNGP 66.99 Decreased By ▼ -0.51 (-0.76%)
SSGC 11.05 Decreased By ▼ -0.04 (-0.36%)
TELE 9.27 Increased By ▲ 0.04 (0.43%)
TPLP 11.62 Increased By ▲ 0.06 (0.52%)
TRG 72.20 Increased By ▲ 0.10 (0.14%)
UNITY 25.74 Increased By ▲ 0.92 (3.71%)
WTL 1.40 No Change ▼ 0.00 (0%)
BR100 7,537 Increased By 11.2 (0.15%)
BR30 24,642 Decreased By -7.7 (-0.03%)
KSE100 72,025 Increased By 53.2 (0.07%)
KSE30 23,770 Increased By 21.4 (0.09%)

MIAMI: A fugitive businessman accused of acting as a money launderer for Venezuelan President Nicolas Maduro's regime was extradited Saturday to the United States from Cape Verde, US justice officials said.

The Justice Department said in a statement that Alex Saab was due to appear in court in Florida on Monday and expressed "admiration" to authorities in Cape Verde for their help in the case.

Venezuela reacted furiously, suspending talks with the US-backed opposition on ending the country's political and economic crisis.

Saab, a Colombian national, and his business partner Alvaro Pulido are charged in the United States with running a network that exploited food aid destined for Venezuela, an oil rich nation mired in an acute economic crisis.

Venezuela's Maduro in Mexico on first foreign trip since US accusations

They are alleged to have moved some $350 million out of Venezuela into accounts they controlled in the United States and other countries. They risk up to 20 years in prison.

Saab, who also has Venezuelan nationality and a Venezuelan diplomatic passport, was indicted in July 2019 in Miami for money laundering, and was arrested during a plane stopover in Cape Verde off the coast of West Africa in June 2020.

Venezuela's opposition has described Saab a front man doing shady dealings for the populist socialist regime of Maduro.

Colombian President Ivan Duque praised Saab's extradition.

"The extradition of Alex Saab is a triumph in the fight against the drug trafficking, asset laundering and corruption that the dictatorship of Nicolas Maduro has fostered," Duque tweeted.

Venezuelan opposition leader Juan Guaido, who is recognized as the country's acting president by the United States and more than 50 other countries, also welcomed the move.

"We Venezuelans, who have seen justice kidnapped for years, respect and celebrate the system of justice in democratic countries like Cape Verde," he tweeted.

Heavy security at airport

Cape Verde agreed last month to extradite Saab to the United States, despite protests from Venezuela.

Venezuela said Saab had been abducted by the United States.

"Venezuela denounces the kidnapping of the Venezuelan diplomat Alex Saab by the government of the United States in complicity with the authorities in Cape Verde," the Caracas government said in a statement.

Rodriguez leads the government delegation, which had hoped to make Saab one of its members, until his arrest.

Venezuela had called Saab's arrest in Cape Verde "arbitrary" and claimed he was suffering "mistreatment and torture" at the hands of the Cape Verde authorities.

Roberto Deniz, a journalist who has covered Saab's story for the Venezuelan investigative news site Armando.info, said last month that the regime in Caracas was desperate to get him released.

"It is clear that there is a lot of fear, not only because he may reveal information about bribes, about the places where money was moved and the inflated pricing," Deniz said, but also because Saab "was the bridge for many of these deals that the Maduro regime is beginning to carry out with other allied countries."

Venezuela's former attorney general Luisa Ortega, who broke with the regime and fled the country, said Saab was "the main figurehead of the regime," adding that she herself had passed on evidence in the case to "some authorities."

In a development not officially linked to the Saab extradition, shortly after word broke of the extradition six former oil executives who were doing time under house arrest for corruption in Venezuela were taken to an undisclosed prison.

They had worked for Citgo, a US-based subsidiary of the state oil company PDVSA. Five of the six also hold US nationality and the other one is a permanent resident of the United States.

Comments

Comments are closed.