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Aug 8, 2013

Financial Intelligence Unit to investigate Free Zone business affiliated with drugs

Samer Akil Rada

Samer Akil Rada, the Venezuelan-Lebanese businessman whose name is associated with the seizure of eight hundred and eighty pounds of cocaine destined for the Corozal Free Zone, is back in the headlines. It is reported that he is the subject of an investigation being conducted by the Financial Intelligence Unit.  News Five has been reliably informed that the FIU will convene an urgent meeting to discuss Rada’s businesses in the commercial free zone, in light of a recent bust of cocaine which was found hidden in frozen pineapple pulps. The FIU is known for its relentless work in tracking down money laundering activity across the country, but the focus of the probe. While the consignment of drugs was intercepted in El Salvador on July nineteenth, local law enforcement executed a search of Cargo Yo, one of a number of Rada’s concerns in the CFZ.  That pursuit, however, yielded nothing incriminatory.  For his part, Akil Rada, a former director of the Corozal Free Zone, has distance himself to the illegal cargo telling the Mexican press that his company was only contracted to transport one of two containers from Benque Viejo to the Corozal Free Zone by a company from Costa Rica.  The container that made it to the Free Zone arrived successfully and its content was verified as frozen pineapple juice, which were reportedly spoiled as a result of the rigorous inspections.  News Five has made several attempts to confirm the investigation with the Director of the FIU, who would not deny or confirm the report.

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1 Response for “Financial Intelligence Unit to investigate Free Zone business affiliated with drugs”

  1. Eye in the Sky says:

    Like everything in Belize it will blow away into the wind and everyone will forget very soon, eat their fry chicken, wash it town with a stout and all will be good again.

    The Corozal Free Zone Gang will continue to rake in millions of illegal money and no one in Belize will care.

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