Colombian soccer club laundered money for drug cartel: U.S. Treasury

November 19, 2014 6:22 PM

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BOGOTA (Reuters) - Colombian soccer club Envigado helped launder money for a drug trafficking group, the U.S. Treasury Department said on Wednesday, blacklisting the team under the anti-crime Kingpin Act.

The owner of Envigado Futbol Club allowed the Oficina de Envigado crime gang to use its balance sheet to hide profits from drug trafficking, extortion and murder-for-hire, the Treasury's Office of Foreign Assets Control (OFAC) said in a statement. The statement did not say when the alleged money-lau...

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