Venezuelan businessman Samark Jose Lopez-Bello filed suit in a federal district court in Washington challenging the U.S. Department of the Treasury’s use of the Foreign Narcotics Kingpin Designation Act to seize $160 million worth of his property in the U.S.
Lopez-Bello’s assets were seized because he allegedly supported the international drug trafficking activities of former Venezuelan Vice President Tareck Zaidan El Aissami.
Lopez-Bello made his money in the oil industry. Because of his designation under the King Pin Act, he claims that the government seized several U.S. buildings in which he holds and interest and various business assets.
In the ...
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