Mexico arrests ‘money launderer’ for drug lord Guzman

3/28/2016 BBC News


Mexican authorities say they have arrested the top money launderer for the Mexican drug lord Joaquin Guzman, known as “El Chapo” or “Shorty”.

Juan Manuel Alvarez Inzunza, nicknamed “King Midas”, was detained while on holiday in the southern state of Oaxaca.

Guzman, a former leader of the Sinaloa cartel, is currently awaiting extradition to the United States.

He was recaptured in January after breaking out of a high-security prison.

Mr Inzunza is suspected of laundering $300m-$400m a year for the Sinaloa cartel through a network of companies and currency exchange centres.

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