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Maduro Ally Alex Saab Charged in U.S. With Money Laundering

  • Indictment charges Saab, partner paid bribes in housing plot
  • Treasury sanctioned Maduro over food-distribution network
  
Photographer: Carlos Becerra/Bloomberg
Updated on

A Colombian businessman who’s an ally of Venezuelan leader Nicolas Maduro was indicted on federal money-laundering charges that accuse him of bribing Venezuelan government officials and funneling more than $350 million to overseas accounts.

An indictment of Alex Nain Saab Moran, 47, was made public Thursday in Miami, hours after the U.S. Treasury Department sanctioned him for corruptly helping the Maduro regime and others make hundreds of millions of dollars from a food-distribution network that’s supposed to serve starving people.