Maduro ally pleads guilty in $195m money laundering case in US court
Summary
Alex Saab, an ally of Venezuelan President Nicolás Maduro, pleaded guilty to money laundering in a US court and agreed to forfeit $195 million. Saab’s plea deal includes cooperation with prosecutors and could involve testifying against Maduro, who faces separate charges in New York.Key Facts
- Alex Saab, a former Venezuelan official and aide to President Maduro, pleaded guilty to money laundering charges in Miami.
- Saab agreed to give up $195 million and fully cooperate with US prosecutors.
- He faces up to 20 years in prison.
- Saab was extradited to the US in May by Venezuela’s acting president, Delcy Rodriguez.
- The case involves embezzlement from a Venezuelan welfare program and transferring money to US bank accounts.
- Venezuela has experienced food and medicine shortages due to ongoing political and economic problems.
- Saab’s plea deal could lead to him testifying against Maduro, who denies weapon and drug charges in New York.
- This is Saab’s second US criminal case; he was previously charged with money laundering and was freed in 2023 after a prisoner swap.
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