THE ROPE has finally run out for wannabe jetsetter  Mayer Mizrachi  who has been thumbing his nose at Panamanian justice for months as he has sought political asylum in Colombia.

He was arrested Wednesday, September 7  in Bogota by Colombia immigration officials.

He was transferred to Immigration headquarters for formal notification of his impending expulsion.

He was expected to be deported to Panama the same day or Thursday.

Mizrachi was arrested while riding as a passenger in the back of an armored vehicle.

He tried to flee, but an immigration patrol car intercepted the vehicle to prevent his escape.

His lawyer asked that his client be granted permission to leave the country by his own means, but immigration authorities turned down that request.

Mizrachi referred to the incident on his account on the social network Twitter.

He claimed his expulsion from the country is illegal.

He faces charges in Panama related to a government contract that allegedly contained irregularities.

He was originally arrested in Colombia on an Interpol warrant, and was later involved in a jail "release" that led to the prison boss being fired

Meanwhile his father Aaron, brother-in law of ex-president Ricardo Martinelli, is  also wanted  on an Interpol Red Alert.

He fled the country in August last year on Martinelli’s private jet.