COLOMBIA’S Supreme Court of Justice of has endorsed the extradition to the United States of Panamanian businessman Nidal Waked
The decision was announced on Friday August 26 reported La W Radio.
In the US, Waked, who had requested a fast – extradition ,will face the Southern District of Florida Court , which investigates money laundering and bank fraud. The Florida prosecutor is calling for a 50 year jail term.
Waked was arrested in Bogota, Colombia, on May 4 . The next day, the United States Department of the Treasury, through its Bureau of Foreign Assets (OFAC), announced the inclusion of Nidal Waked, his uncle Abdul Waked and 68 corporations in the Clinton List of money laundering activities and drug trafficking. Brothers of Nidal and the son of Abdul were also included in the list.
Thw United States prohibits its citizens and companies from trade and financial relations with the entities and persons listed.
The effect in Panama has led to the Waked family operations like Soho Mall and Felix B Maduro being put in trust pending sale, and the devastation of its La Riviera chain.
The Waked owned Balboa Bank is in the hands of the banking superintendent pending sale.
The US investigation of the family has extended over 10 years. No Panama charges have been announced.