Maduro Ally Alex Saab Pleads Guilty to Money Laundering, Fraud in US Court
Businessman with close ties to Venezuelan President Nicolás Maduro admits to laundering proceeds from bribery and fraud linked to Venezuela's welfare programme, according to Al Jazeera.
Alex Saab, a businessman widely described as an ally of Venezuelan President Nicolás Maduro, has pleaded guilty in a United States court to charges of money laundering and fraud, Al Jazeera reported.
According to the report, Saab admitted to laundering proceeds obtained through bribery and fraud connected to Venezuela's welfare programme.
Al Jazeera did not provide further details in the initial report regarding the specific court, sentencing schedule, or additional charges that may be pending against Saab.
The case has been closely watched given Saab's reported proximity to senior figures in the Venezuelan government, though the full scope of the allegations and their connection to state institutions has not been detailed in available reporting.
Further information on the proceedings, including any statements from Saab's legal team or Venezuelan officials, was not immediately available.
Sources
- Maduro ally Alex Saab pleads guilty to money laundering, fraud — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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