Panama: ‘Money-launderer’ Nidal Waked arrested in Colombia
06 May 2016

A prominent family in Panama has been running businesses as a front for a major drug money-laundering operation, according to the US authorities.

Businessman Nidal Waked and his father Abdul are accused of running an organisation that laundered money through a luxury mall, a bank and duty-free shops.

Nidal Waked was arrested at an airport in Bogota, Colombia on Wednesday night.

The family’s holding company says the accusations “are false and unfounded”.

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