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Alex Saab, allied to Maduro, pleads guilty to money laundering in the USPhoto by Mariakray on Pexels
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Alex Saab, allied to Maduro, pleads guilty to money laundering in the US

Euronews Portugal15 September 2026 at 18:38

Alex Saab, a close ally of Nicolás Maduro, pleaded guilty to money laundering in a United States court. Saab, who was considered a key emissary of the Venezuelan government, accepted the charges related to money laundering schemes.

As part of the agreement with the American authorities, Alex Saab agreed to surrender $195 million. This amount represents the proceeds allegedly obtained through the corruption scheme being investigated by the US federal authorities.

In addition to surrendering the money, Saab also committed to cooperating with the federal investigations into the alleged corruption scheme. This cooperation may provide the American authorities with important information about the financial networks linked to the Maduro government.

Why this matters

This case is relevant for readers because Alex Saab was for years one of the main diplomatic and financial channels between Venezuela and the Maduro regime, and his confession may now expose high-level corruption schemes that involved the Venezuelan government, potentially affecting international relations and the sanctions imposed on the country.

About this summary

This is our short summary of a report published by Euronews Portugal on 15 September 2026 at 18:38; the full text stays with the publisher. In our feed it sits under World. We currently carry 19378 items in that section.

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