El Socio right-hand man of Luis Hernando Gómez Bustamante

22:34 El NACHO 0 Comments

Orlando Sabogal, arrested and detained in Madrid . Known as El Socio, Sabogal is considered the right-hand man of Luis Hernando Gómez Bustamante – the chief of the Norte del Valle cartel, which moves 40 per cent of the cocaine consumed globally.
El Socio was in charge of collecting the money, which had been laundered through various Real Estate companies.
However, police are unsure through which companies the cartel channelled their illicit gains.
“Tracing money that has already passed through various companies and even tax havens back to drugs is an impossible task,” a police spokesman said.
Recent reports suggest Spain is in the middle of a cocaine epidemic, with the country having the greatest percentage of users in the world.
According to a United Nations study, 3 per cent of Spaniards between 15 and 64 years of age admitted to having taken cocaine within the past year.
Last year, 50,000 kilograms of cocaine – with an estimated street value of two billion US dollars – was confiscated by Spanish authorities.

This figure, however, only represents 7 per cent of the total amount of cocaine in circulation throughout Spain.