Colombia seizes $11 million in assets from drug kingpin

Colombia’s prosecutor general on Saturday repossessed more than $11 million in assets from extradited drug lord and partner of Daniel “El Loco” Barrera.

Carlos Fernando Serralde Plaza alias “El Doctor” was arrested in 2010 by the DEA and Interpol and was later extradited to the United States to face drug trafficking charges.

MORE: Authorities arrest “El Loco” closest allies

On Saturday, the Prosecutor General’s Office and the Technical Investigation Unit of the police repossessed some 7,900 acres of land, and five businesses in the northwestern Antioquia and Cordoba departments reportedly belonging to Serralde.

Julian Quintana, commander of the Forfeiture and Money Laundering Unit, praised the actions stating that Serralde, who reportedly worked closely with “El Loco” and former AUC and ERPAC leader “Cuchillo,” had “used his family and other fronts in order to take control of these assets.”

PROFILE: Daniel “El Loco” Barrera

In a separate operation on Saturday, Colombian authorities repossessed eight properties totaling over $3.8 million from Dutch citizen, Miguel Magan Tier, who was convicted in his own country, also for drug trafficking.

Sources

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