image credit: Unsplash

Cape Verde court rules Maduro financier can be extradited to US for money laundering charges

January 6, 2021

Via: Jurist

The Cape Verde Court of Appeal of Barlavento ruled Monday that Colombian lawyer and businessman Alex Nain Saab Moran can be extradited to the US, where he faces money laundering charges on behalf of Venezuelan President Nicolás Maduro’s government.

The US sanctioned Saab in 2019 for allegedly using an elaborate network of bank accounts in Venezuela and the US to allow him and Maduro to profit from state-run food subsidy programs. Prosecutors also indicted Saab and Alvaro Pulido Vargas for their alleged roles in a bribery scheme that took advantage of Venezuela’s government-controlled exchange rate.

Read More on Jurist