El Salvador arrests more than 100 Colombians in financial scheme


  • World
  • Tuesday, 18 Jul 2023

FILE PHOTO: El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. REUTERS/Jose Cabezas/File Photo

SAN SALVADOR (Reuters) - Salvadoran police arrested more than a hundred Colombians for their alleged involvement in operating a microfinancing scheme that laundered money from drug running and gang activities, security officials said on Monday.

The criminal group reportedly made loans, using funds obtained illegally, to individuals and small businesses with 20% interest, according to the officials.

The government of President Nayib Bukele has taken a hard line on gangs since last year, jailing around 70,000 suspects in a mass dragnet which has also led to a sharp reduction in violent crime.

The anti-gang push, denounced by many rights groups, has nonetheless given Bukele sky-high approval ratings ahead of his re-election bid early next year.

Attorney General Rodolfo Delgado told reporters at a press conference that when victims of the financial scheme could not repay, the group would intimidate them into giving over their bank account information, which he said they used to move money abroad.

Some $20 million in money linked to drug trafficking gangs is estimated to have been sent to Colombia since 2021 under the scheme, added Delgado.

"Colombians are our brothers," Bukele wrote in a Monday post on Twitter. "However, these people will have to face Salvadoran justice."

Colombia's foreign ministry said it was in talks with its embassy and consulate in El Salvador over the arrests, but did not offer further comment on the accusations facing the Colombian nationals.

Three Salvadorans, a Guatemalan and an Argentine were also arrested in the sting, according to a breakdown of nationalities provided by the president's office.

(Reporting by Nelson Renteria in San Salvador; Additional reporting by Oliver Griffin in Bogota; Writing by Kylie Madry; Editing by David Alire Garcia and Matthew Lewis)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Senegal's president faces budget challenge after likely parliamentary win
Austrian coalition talks enter formal phase after initial sounding out
Explainer-How Trump could bypass the Senate to install his cabinet picks
South Africa's Ramaphosa calls for safe recovery of illegal miners stuck underground
Sudanese who escaped from war-torn Tuti island speak of hunger, disease
Ukraine brings back long rolling power cuts after major Russian strike
Masked men break into UK's Windsor Castle estate, The Sun reports
Analysis-How 1,000 days of conflict fuelled robot wars between Russia and Ukraine
Russian lawmaker says Biden is risking WW3 with missile decision
Shrouded in smog, Delhi pollution reading is the highest this year

Others Also Read