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Colombia arrests 16 drug-money
laundering suspects
Colombia's secret service said
on Tuesday that it had arrested
16 people charged with
laundering drug money totaling
at least 4 million U.S. dollars.
The Department of Administrative
Security (DAS) said the suspects
belonged to a money-laundering
network that had been operating
in the cities of Bogota, Santa
Marta, Timana, Armenia, Medellin,
Girardot and Cajica.
The network received money from
Colombian front companies, which
processed the fictitious sales
of overseas goods and services,
as well as wrote small
denominated checks to people
with fake documents to help drug
money flow into the normal
banking system.
Colombia is the world's largest
cocaine producer and has been
undergoing a U.S.-funded
anti-drug war called Plan
Colombia, which has cost 4
billion U.S. dollars since 2000.
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