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Mexico Says Alleged Drug Cartel Chief ‘El Chapo’ Guzman Captured

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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.

To contact the reporters on this story: Jonathan Roeder in Mexico City at +52-55-5242-9253 or jroeder@bloomberg.net; Jonathan Levin in Mexico City at +52-55-5242-9276 or jlevin20@bloomberg.net; Nacha Cattan in Mexico City at +52-55-5242-9283 or ncattan@bloomberg.net

To contact the editor responsible for this story: Andre Soliani at +55-61-3329-1605 or asoliani@bloomberg.net