Colombian justice orders seizure of $412,000 linked to Alex Saab

Colombian justice has moved to seize over $412,000 in assets tied to Alex Saab and his former wife, Cyntia Ceratin Ospina. The court ordered the immediate seizure of 1.478 billion pesos, approximately $412,000, held in bank accounts linked to the couple.

This action revives a lengthy investigation into companies allegedly involved in the import and export of textiles, a business associated with Saab. The Second Civil Circuit Court of Sentence Execution in Barranquilla accepted the requests against Jacadi de Colombia S.A., a firm where both Saab and Ceratin Ospina were key representatives.

The court's order includes the "seizure and sequestration of monies held or to be held in current or savings accounts or any title by the defendants Jacadi de Colombia." Among the targeted entities are Shatex S.A., which has faced previous investigations for alleged money laundering and illicit enrichment, as well as deposit certificates and accounts at Banco Mundo Mujer and the Nequi platform.

Authorities aim to restrict any movement of funds through these implicated companies. The seized funds are to be deposited into the Judicial Deposits account of the Banco Agrario de Colombia, awaiting the Civil Executions Office of the Circuit.