Alex Saab Pleads Guilty to Money Laundering in U.S. Case, Agrees to Forfeit $195 Million

Alex Saab, a longtime ally of ousted Venezuelan President Nicolás Maduro, pleaded guilty in a Miami federal court to money laundering-related charges.

Saab admitted to participating in a conspiracy involving illicit financial transactions and agreed to forfeit $195 million as part of his plea agreement.

The Colombian businessman, who previously served as a Venezuelan government minister and key intermediary for Maduro, also agreed to cooperate with U.S. prosecutors.

U.S. authorities have accused Saab of using shell companies and fraudulent documents to move money linked to Venezuelan government contracts and state programs.

Saab had previously pleaded not guilty after being extradited to the United States