Alex Saab pleads guilty to laundering proceeds linked to Venezuelan public-contract bribery scheme

The U.S. Department of Justice said Alex Nain Saab Moran pleaded guilty to conspiring to launder proceeds from a bribery and fraud scheme involving Venezuela’s CLAP food and medicine programme. According to court documents, he admitted organising bribes to public officials to secure government contracts for entities secretly controlled by conspirators.

The DOJ said the conspirators used fake companies, false invoices, false shipping records and offshore shell companies to conceal proceeds and move funds, including through the United States. The source reports a guilty plea, not a conviction or settlement, and does not state a monetary penalty.