Colombia seizes assets of former drug kingpin ‘El Loco’

Colombian authorities on Tuesday announced the seizure of over $21 million in assets formerly belonging to captured drug lord, Daniel “El Loco” Barrera.

The operations that led to the seizure of $21.8 million worth of assets were initiated by the prosecutor general’s Unit for Asset Forfeiture and Money Laundering, with the support of the police anti-narcotics division.

At least 425 goods, including property and vehicles, were confiscated by authorities in the departments of Cundinamarca, Meta, Boyaca, Santander, and Magdalena.

El Loco was arrested in Venezuela on September 18, 2012, as a result of an extensive operation

More: How ‘El Loco Barrera,’ Colombia’s biggest druglord, was arrested

Shortly after his arrest, Colombia agreed to extradite El Loco to the United States to face drug trafficking charges.

More: Colombia to Extradite ‘El Loco Barrera’ to US

Recently it has also emerged that El Loco may have been connected to the Interbolsa scandal, which rocked Colombia’s financial world in 2012.

MORE: Interbolsa scandal’s ‘missing link’ to be extradited to U.S.

Colombia

PROFILE: Daniel ‘El Loco’ Barrera

Sources

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