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  HOME | Colombia (Click here for more)

Colombian Government Seizes Ranches Belonging to FARC

BOGOTA Ė Police seized several ranches over the weekend belonging to the FARC guerrilla group in southern Colombia, the Dijin law enforcement agency said.

The six properties, worth an estimated 7 billion pesos (about $3.6 million), belong to Gener Garcia, the commander of the 43rd Front of the Revolutionary Armed Forces of Colombia, or FARC.

Police found $1 million in securities owned by Garcia at one of the ranches, providing clues as to how the FARC launders the money it earns in the drug trade by purchasing foreign bonds.

The ranches are in Puerto Lleras and Vistahermosa, two cities in Meta province, the Dijin said, adding that the properties would be turned over to the Attorney Generalís Office.

The assets seized in the operation were obtained with the proceeds from criminal activities, making them subject to forfeiture, the Dijin said.

Garcia, who is the subject of a 1.8 billion peso ($950,000) reward offered by the Colombian government, has had 40 other properties worth 5 billion pesos ($2.6 million) seized from him.

The security forces, meanwhile, seized 1.2 tons of explosives belonging to the FARC in Villagarzon, a city in the southern province of Putumayo, that were apparently intended for an attack on a military base.

Intelligence officers said the explosives had been traced to the FARCís 32nd Front. EFE
 

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