The US Department of Justice has accused former Guatemalan Economy Secretary Asisclo Valladares of laundering nearly $ 10 million through drug trafficking and other illegal activities.
The US judiciary identifies Valladares as the “brain” of a money laundering system that would have been in operation between 2014 and 2018 and that would also have involved “a large drug dealer, corrupt politicians and an employee of a Guatemalan bank.
According to the indictment, Valladares “encouraged the illicit drug trade by creating a demand for undetectable money, money to bribe corrupt politicians” in the Central American nation.
The money would have moved to Guatemala and other Latin American countries, but it would also have gone through US bank accounts. “At least two companies in Miami have allegedly helped the conspirators,” said the Justice Department.