Ex-officials charged with laundering drug money

Ex-officials charged with laundering drug money

Published Nov. 25, 2009 4:01 p.m. ET

Eleven former officials of Colombian football club Deportivo Independiente Medellin were charged Tuesday with using it to launder drug money.

Among those charged were Rodrigo Tamayo, club president in 1998-2000 and 2004, Tayamo's wife, Dolly Cardenas, and two other former club presidents, Mario de J. Valderrama and Luis Fernando Jimenez. Conviction carries a prison term of six to 15 years.

Juan Bautista Avalos Salgar, the club's former auditor, estimated Tamayo laundered $4.6 million during his terms as president.

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