Two Condemned, One Acquitted in Colombian Drug Laundering Case
Apr. 02, 1992
LUXEMBOURG (AP) _ Two Colombian businessmen were sentenced Thursday to up to five years in prison for laundering $36 million in cocaine profits for the Cali drug cartel.
Edgard Garcia was sentenced to five years and fined $300,000. Franklin Jurado was sentenced to 4 1/2 years and fined $150,000. Jurado's possessions in France and Luxembourg also were seized.
Both will appeal, said a defense official who spoke on condition of anonymity.
A third Colombian, Ricardo Mahecha, was acquitted, he said. He remained jailed, however, because the United States has asked for his extradition.
The three, who have been in jail since June 1990, were accused of laundering cocaine money through 68 European banks. The powerful Cali cartel is based in Colombia.