Colombian Drug Trafficker Linked to International Money Laundering and Corruption

Ongoing investigations have resulted in the capture and arrest of a long-standing drug trafficker from Colombia. Drug trafficking and the criminal activities surrounding it are one of the main reasons why people hire the services of a security company in Colombia. Jose Bayron Piedrahita Ceballos was arrested  when he was at home in his luxurious property in the Antioquia department on 29th September. The Colombian national, who was a well known business tycoon, as now been charged with corruption and obstruction of justice by a United States Federal court.

The indictment from the US suggests that the tycoon bribed an ICE officer with liquor, cash and the services of a prostitute during their trip to Bogota, the capital of Colombia. Allegedly, the Immigrations and Customs Enforcement Agency officer then misled US agency officials and corrupted records in return. It was allegedly these actions which played a role in the judge’s final decision to call a halt to the 1996 indictment passed against 18 supposed Cali Cartel members, including Piedrahita.

As Piedrahita’s arrest was being carried out by the Colombian authorities, their counterparts in Argentina were targeting a network of money launderers which were allegedly being operated by Piedrahita. $15 million ended up being seized from this network, which owned a number of laundering premises including a cafe and a railroad construction programme.

A number of foreign drug trafficking capos have recently sought refuge in Argentina, both for themselves and the profits of their drug trade. Not only Piedrahita, but also numerous other Mexican and Colombian drug lords have moved to Argentina, often taking their families with them, drawn by the quality lifestyle.

Recently, Argentina has made moves to deter and detect illicit flows of money, however some shortcomings still remain. Despite 90,000 reports being received of suspicious financial activity by the Unidad de Informacion Financiera, a mere 7000 were actually investigated, and these investigations resulted in just 4 convictions, 18 fines and a single prison sentence.

Many people have been obliged to hire the services of a security company in Colombia to protect them from violence relating to drug trafficking in the country.


You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *