⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

West African court orders release of Maduro envoy in Cape Verde

Published 15/03/2021, 16:48

ABUJA, March 15 (Reuters) - A West African court on Monday
ordered Cape Verde to release Alex Saab, a Colombian businessman
who is wanted by U.S. authorities on charges of laundering money
on behalf of Venezuela's government.
Saab, who is close to Venezuelan President Nicolas Maduro,
was detained in Cape Verde last June when his plane stopped
there to refuel. He faces extradition to the United States,
which accuses him of violating U.S. sanctions. The Economic Community of West African States (ECOWAS) court
in Nigeria's capital Abuja ruled that Saab's detention was
illegal because an Interpol red notice requesting his arrest was
only issued the day after he was detained on June 12.
It ordered Cape Verde to release Saab immediately,
compensate him $200,000 and "discontinue all proceedings and
processes aimed at extraditing (him) to the USA", a summary of
the judgement said.
The Cape Verde government could not be immediately reached
for comment.
At the time of his arrest, Saab was en route to Iran to
negotiate shipments of fuel and humanitarian supplies to
Venezuela, his lawyers told Reuters. Saab has been repeatedly identified by the U.S. State
Department as an operator who helps Maduro arrange trade deals
that Washington is seeking to block through sanctions.
The ECOWAS court in December had ordered him to be
transferred to house arrest in a hotel or house of his choice,
after his representatives argued that the conditions of his
detention were "inhumane" and that his health was deteroriating.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.