Washington, April 10 IANS | 5 months ago

The US Wednesday slapped sanctions on Carlos Arnoldo Lobo, a Honduran national accused of shipping loads of cocaine for Mexican, Guatemalan and Honduran drug lords and organisations.


The sanctions include freezing of Lobo's assets under US jurisdiction and barring American citizens from doing business with him, Xinhua reported.

In a statement, the Department of Treasury also accused Lobo of laundering illicit proceeds into a variety of assets, including real properties, maritime vessels and seafood shipping businesses.

"Today's action targets Carlos Arnoldo Lobo, a maritime drug trafficker who uses his shipping and fishing businesses as a cover for smuggling narcotics which eventually make their way into the US," the agency said in the statement.

(Posted on 10-04-2014)

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