Vasudevan Sridharan
Mexican authorities
have arrested Juan Manuel Alvarez Inzunza, the suspected moneyman of
drug kingpin Joaquin "El Chapo" Guzman. Guzman's powerful Sinaloa drug
cartel is thought to have laundered as much as $4bn (£2.8bn; €3.6bn)
over the last 10 years.
Law enforcement agencies said Alvarez Inzunza, nicknamed
King Midas, was captured "without firing a single shot". He was detained
in Oaxaca city, capital of the south western Mexican state of the same
name,
The police said in a statement: "The coordination of
intelligence and field work allowed us to track down the subject,
between the states of Sinaloa and Jalisco, but as he relaxed his safety
perimeter to spend the holidays in the capital of the state of Oaxaca,
the capture was carried out." The detainee is being transferred to
Mexico City, where he will be handed over to the attorney general's
office.
Alvarez Inzunza was described as the "main operator of money
laundering" for the Sinaloa cartel through a network of proxy companies
and currency exchange centres. He is expected to face extradition to
the US, just like his boss.
Guzman, who was first arrested in 1999,
was captured in January 2016. He is awaiting extradition to the US. In
the past, he has staged two spectacular escapes from maximum-security
prisons.
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