❓WHAT HAPPENED: Colombian businessman Alex Saab, considered a top money launderer for Nicolás Maduro, was reportedly arrested in Caracas during a joint U.S.-Venezuela operation.
👤WHO WAS INVOLVED: Alex Saab, Nicolás Maduro, the Federal Bureau of Investigation (FBI), Venezuelan authorities, and businessman Raúl Gorrín.
📍WHEN & WHERE: Saab was captured on Wednesday, February 4, 2026, in Caracas, Venezuela.
🎯IMPACT: Saab had initially been captured by the U.S. in 2020, but was subsequently released by former President Joe Biden as part of a prisoner exchange with the Maduro regime.
Former Venezuelan dictator Nicolás Maduro’s top money launderer, Alex Saab, was captured in a joint operation by the United States and Venezuelan authorities on Wednesday in the country’s capital of Caracas. Saab—a Colombian businessman with extensive ties to Maduro and the illicit narcotics trade—was apprehended in an operation led by the Federal Bureau of Investigation (FBI), along with Venezuelan businessman Raúl Gorrín, the head of Globovision TV network and another close Maduro ally.
The United States placed sanctions on Saab and Gorrín during President Donald J. Trump‘s first term in office. In June 2020, U.S. law enforcement arrested Saab in Cape Verde during a stopover on a flight from Venezuela to Iran and charged him with laundering $350 million taken from Venezuela’s treasury through the U.S. financial system.
However, in 2023, as part of a prison swap with the Maduro regime, former President Joe Biden signed an order for Saab’s release and return to Venezuela. Officials in the former Biden government argued that Maduro would be more inclined to help reduce the number of Venezuelan illegal immigrants attempting to enter the U.S. as a result of the release. Upon his return, Saab was appointed by Maduro as Venezuela’s Minister of Industry and National Production, a role he held until he was stripped of it by acting President Delcy Rodríguez, Maduro’s former deputy, in January.
Despite U.S. officials confirming Saab’s arrest, his lawyer Luigi Giuliano claimed late Wednesday that Saab was still in Caracas and called reports of his capture “fake news.” Giuliano claimed that Saab may make a public appearance to refute the reports of his capture, but thus far, that has not materialized.
Venezuelan businessman Raúl Gorrín was also apprehended during the operation. A close associate of Maduro, Gorrín was indicted in 2024 by a U.S. federal grand jury in Florida for a scheme to launder $1.2 billion. Like Saab, Gorrín was sanctioned by the Trump administration for corruption.
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