Bloomberg Law
July 25, 2019, 7:44 PMUpdated: July 25, 2019, 8:30 PM

Maduro Ally Alex Saab Charged in U.S. With Money Laundering (1)

David Voreacos
David Voreacos
Bloomberg News
Patricia Laya
Patricia Laya
Bloomberg News
Ben Bartenstein
Ben Bartenstein
Bloomberg News

A Colombian businessman who’s an ally of Venezuelan leader Nicolas Maduro was indicted on federal money-laundering charges that accuse him of bribing Venezuelan government officials and funneling more than $350 million to overseas accounts.

An indictment of Alex Nain Saab Moran was made public July 25 in Miami, hours after the U.S. Treasury Department sanctioned him for corruptly helping the Maduro regime and others make hundreds of millions of dollars from a food-distribution network that’s supposed to serve starving people.

The charges relate not to the food network but to bribes Saab and a business partner allegedly paid to Venezuelan ...

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