The rise and fall of Alex Saab, financial shark of the Bolivarian Revolution
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The rise and fall of Alex Saab, financial shark of the Bolivarian Revolution
"Detained in Venezuela amid confusing circumstances, Alex Saab (Barranquilla, 54 years old) is being faced with the possibility of extradition to the United States, where he was previously imprisoned on charges of money laundering."
"The new administration of Delcy Rodriguez in Caracas, under the watch of Donald Trump, has not made any demands that the ponytailed Colombian businessman be set free, as Nicolas Maduro did when he managed to repatriate his alleged frontman when Saab was imprisoned in Miami."
"His current situation is bizarre: once extradited from Cape Verde, he was set free in a prisoner exchange between Caracas and Washington, named Minister of Industries and National Production, then relieved of his duties by the interim president herself soon after the operation during which U.S. military forces captured Maduro at the beginning of the year."
"When there was no milk in Venezuela, Saab was called in. When there was no gas, he was summoned to fix things. And faced with a shortage of foreign currency, officials suggested he find a way to sell off gold bullion. He duly took his plane, or hired another plane, and flew off to unload gold in Turkey."
Alex Saab, a 54-year-old Colombian businessman from Barranquilla, faces possible extradition to the United States after confusing detention in Venezuela. He was previously imprisoned in the U.S. on money laundering charges. Saab was extradited from Cape Verde and later freed in a prisoner exchange between Caracas and Washington, then appointed Minister of Industries and National Production and soon relieved of duties after a military operation that captured Maduro. Saab accumulated wealth and wielded expansive responsibilities under Maduro, handling crises from milk and gas shortages to selling gold abroad. Investigations by Gerardo Reyes have documented Saab's central role in Venezuela's financial operations.
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