Feb. 22 (Bloomberg) -- Joaquin “El Chapo” Guzman, the alleged leader of the Sinaloa Cartel, was captured in the beach town of Mazatlan, Mexican President Enrique Pena Nieto said.
Pena Nieto announced the arrest on his Twitter account, congratulating Mexico’s security organizations for the arrest.
Guzman gained fame in 2001 after escaping from a high security prison and allegedly building up the Sinaloa Cartel, named after his home state and known for beheading its enemies or hanging their bodies in public places. These tactics, coupled with his business acumen, helped him build a personal fortune of about $1 billion, according to Forbes magazine.
Since the 1990s, the Sinaloa Cartel has fought with almost all Mexico’s major drug cartels, including a gang founded by former elite soldiers known as the Zetas.
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