Bank Of Baku

Accused drug trafficker to be extradited to the US

Accused drug trafficker to be extradited to the US
# 29 June 2010 22:31 (UTC +04:00)
Baku-APA. A Colombian man arrested in Argentina has agreed to be extradited to the United States on drug-trafficking and money-laundering charges, APA reports quoting news.yahoo.com website.

Luis Caicedo Velandia is accused in New York and Florida of importing cocaine and laundering more than $176 million in profits.

Argentine police and U.S. drug-enforcement agents arrested Caicedo in April on a Buenos Aires sidewalk, blocks away from the U.S. Embassy. He carried a false Guatemalan passport and insisted he was a simple businessman caught up in a case of mistaken identity.

The court announced Tuesday that Caicedo has since acknowledged his true identity and agreed to extradition.
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