![]() |
||
![]() |
To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. March 28, 2007 Treasury Takes Action Against Major "Fabio Enrique Ochoa Vasco is the head of one of the most powerful Medellin-based drug trafficking organizations today," said OFAC Director Adam J. Szubin. "Our action today strikes at his massive financial empire with the aim of depriving him of the benefit of his criminal activities." This action is part of an ongoing interagency effort to implement Executive Order 12978 (October 21, 1995), which applies economic sanctions against Fabio Enrique Ochoa Vasco and twelve other individuals were charged with cocaine trafficking in a September 2004 "ICE is proud of our investigative partnership with other Panama Express member agencies and our contribution to this OFAC case." said Julie L. Myers, DHS Assistant Secretary for U.S. Immigration and Customs Enforcement. "By freezing their assets, we will continue to shut down the ability of drug kingpins like Fabio Enrique Ochoa Vasco to conduct their illegal businesses." Fabio Enrique Ochoa Vasco has been involved in narcotics trafficking activities from The network of 45 Ochoa Vasco businesses designated today includes Duratex S.A., a Colombian carpet/textile company located in Bogota, Colombia; Inversiones y Representaciones S.A. (IRSA), a real estate firm in Medellin, Colombia; Florida Soccer Club S.A. in Itagui, Antioquia, Colombia; Hotel La Cascada S.A., a hotel in Girardot, Colombia; Yamaha Veranillo Distribuidores, a marina in Barranquilla, Colombia; and a network of real estate firms - Inversiones MPS S.A., Proyectos y Soluciones S.A., Proyectos y Soluciones Inmobiliaria Ltda., and Gerencia de Proyectos y Soluciones Ltda. - located in Bogota, Colombia. OFAC also designated Duratex S.A. front companies located in The OFAC action targeted seven key financial managers for Fabio Enrique Ochoa Vasco, including Jaime Dib Mor Saab, Jorge Ernesto Caicedo Rojas, Gustavo Alberto Pabon Alvarado, Silvio Yepes Velez, Jhon Jairo Castrillon Vasco, Fernando Maldonado Escobar, and Gabriel Andres Calvo Lombana, as well as three Mexican financial associates, Porfirio Miguel Cadenas Viramontes, Luis Pacheco Mejia, and Gloria Elisa Briseno Mar. In addition, important criminal associates of Fabio Enrique Ochoa Vasco were named, including John Jairo Gallego The assets of a total of 1,477 business and individuals in Aruba, Barbados, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Jamaica, Mexico, Panama, Peru, Spain, Vanuatu, Venezuela, the Bahamas, the British Virgin Islands, the Cayman Islands, and the United States have been designated pursuant to E.O. 12978. The 570 SDNT businesses include agricultural, aviation, consulting, construction, distribution, financial, hotel, investment, manufacturing, maritime, mining, offshore, pharmaceutical, real estate, retail, service, sporting, telecommunication, and textile firms. The SDNT list now includes 22 kingpins from the For a complete list of the individuals and entities designated today, please visit: http://www.treasury.gov/offices/enforcement/ofac/actions/index.shtml.
REPORTS |
![]() |