Feds seek USD12.6 billion in drug money from ‘El Chapo’

NEW YORK (AP) — Federal prosecutors want to recover USD12.6 billion in drug money they said was generated by the Mexican drug lord known as El Chapo.

The United States (US) Attorney’s Office in Brooklyn asked a judge on Friday to order Joaquin Guzman to forfeit that massive sum.

They called the amount a “conservative” estimate of the cash Guzman’s Sinaloa Cartel earned distributing cocaine, heroin and marijuana in the United States.

Prosecutors pointed to weeks of testimony from drug suppliers who described the lucrative narcotics enterprise during Guzman’s trial.

They said the laundered proceeds covered payroll and the purchase of planes, submarines and other vehicles.

Guzman was convicted in February of murder conspiracy and drug trafficking. He faces life in prison.

An email seeking comment was sent to his attorney.

Joaquin ‘El Chapo’ Guzman, the head of Mexico’s Sinaloa Cartel, is escorted to a helicopter in Mexico City following his capture. – AP