Alleged ‘king of money laundering’ arrested

By Christine Duhaime | November 6th, 2010

Colombia’s alleged ‘king of money laundering’ Oscar Fernando Cuevas, was arrested yesterday in Colombia, under an extradition warrant from Spain.

According to Colombia Reports, Cuevas made a fortune laundering money for the now-defunct Cali Cartel and the Revolutionary Armed Forces of Colombia (known as FARC) and is alleged to have laundered more drug money than anyone else in Colombia.

In 2001, he fled Colombia for Spain and sought political asylum. Spanish authorities believe he continued laundering drug money while he was in that country from 2001 to 2004.

In 2004, Cuevas returned to Colombia. Before that, he was extradited to the US for money laundering.

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