Colombia, 52 convicted in absentia for money laundering over 5 million dollars

Posted on September 24, 2011 • Filed under: Colombia, Crime, Organized Crime

Fifty-two people were sentenced in absentia by a court in the city of Cali for participating in a money laundering in an amount exceeding five million dollars, was officially reported Friday. The prosecution said in its website that the conviction was handed down by a criminal court of the city of Cali. The court also issued arrest warrants against the 52 convicted, while officials from the Attorney explained that still are not sure what drug gang to work this group, whose method was used to launder the “smurfing” or small amounts of money, since in every Colombian laws operation or over 10 million pesos ($ 5,200) must be reported to the banking authorities and other official agencies that track illegal operations. Read Article

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