US freezes assets and forbids business with partners of Chapo Guzman

08 Aug

This also includes the appointment of five companies owned by John Zabaneh or members of his organization



The Office of Foreign Assets Control (OFAC) of Treasury Department announced today that the United States froze the assets and prohibited any business relationship with John Zabaneh and two of his partners and five companies of its property, being members of Joaquin El Chapo Guzman Loera.

This also includes the appointment of five companies in Belize owned by John Zabaneh or members of his organization. Today’s designation, under the Act Designation Kingpin (known as the Kingpin Act), prohibits US citizens from making financial or commercial transactions with these two individuals, and also freezes assets they may possess within the jurisdiction of the United States.

“The drugs of John Zabaneh and his organization’s links to Colombian sources of supply and Mexican buyers make him a pivotal figure in the drug trade,” said OFAC Director Adam J. Szubin. “By appointing Zabaneh, OFAC disturbed and continues its efforts together with its partners in order, for exposing workers of Chapo Guzman and the Sinaloa Cartel, including their businesses.”

John Zabaneh and his organization have been involved in drug trafficking since the early 80’s. In addition to the designation of Zabaneh, the action also includes his nephew, Dion Zabaneh and intimate partner, Daniel Moreno. Companies that are owned or controlled by the defendant are: Mayan King Limited (a banana plantation), Mid-South Investments Limited (construction and real estate consultant), Crown Paradise Enterprises Limited (resort and marina management) and Belize Chemicals Limited (pharmaceuticals). Moreno’s company D’s Supermarket Company Limited (supermarket).

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Posted by on 08/08/2012 in Crime!, Mexican Drug Cartels


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