Colombian businessman Alex Saab has been arrested whilst the private jet he was flying in was refuelling in the African island republic of Cape Verde.

His arrest may well concern an ally of his, Venezuelan leader Nicolas Maduro, because investigators in Miami want to extradite the Colombian to the US to face federal money-laundering charges accusing him of bribing Venezuelan government officials and funnelling more than US$350 million into overseas accounts.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!