Washington: The US slapped sanctions on Carlos Arnoldo Lobo, a Honduran national accused of shipping loads of cocaine for Mexican, Guatemalan and Honduran drug lords and organisations.
The sanctions include freezing of Lobo’s assets under US jurisdiction and barring American citizens from doing business with him. In a statement, the Department of Treasury also accused Lobo of laundering illicit proceeds into a variety of assets, including real properties, maritime vessels and seafood shipping businesses.