Alex Nain Saab Moran

Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Alex Nain Saab Moran (Saab) is a Colombian national who, along with his business partner, Pulido, oversees a sophisticated network of front and shell companies used to acquire, assemble, and ship food to Venezuela in support of CLAP contracts, all at the most profitable rate for themselves. Saab used the profits generated from CLAP food boxes to bribe government officials to maintain his access to government contracts. Saab bribed several individuals, including Vielma Mora and Marco Torres. Saab also provided kickbacks to Maduro’s stepsons, Walter, Yosser, and Yoswal (“Los Chamos”);

Saab, a businessman who owns companies across the world in Colombia, Hong Kong, Turkey, UAE, Mexico, Panama and the United States, was arrested after an Interpol red notice was issued for him;

The Colombian tycoon stands accused of laundering money in Venezuela, through his international companies, and was indicted by the US in July 2019 on similar charges;

Saab is believed to have been travelling to Iran to secure a deal to purchase oil from the Islamic Republic in exchange for Venezuelan gold, to circumvent US sanctions imposed on both states;

The businessman, along with Venezuela’s new Oil Minister Tareck El Aissami, who is also of Lebanese descent, helped negotiate the deal with Iran last month, Bloomberg reported;

Under the deal, which took effect in May, Iran has sent five tankers carrying a total of 1.5 million barrels of oil to Venezuela;

Arrest

During a fuel stop at Cape Verde, Alex Saab was arrested while on his way from Iran to Venezuela on a business jet on 12 June 2020. Saab was arrested in accordance to an Interpol red notice in relation to his indictment in the United States, accused of money laundering.

On 22 July 2020, Baltasar Garzón said that he would represent Alex Saab in the extradition case.

On 25 August 2020, the Attorney General of Cape Verde opened an investigation into two men who posed as representatives of Venezuelan President Nicolás Maduro in favor of Alex Saab.

On 28 August 2020, Saab’s lawyers stated that he was on a mission to Iran as a special envoy of Maduro to negotiate fuel and humanitarian supplies at the time of his arrest.

The following companies were designated or blocked for being owned or controlled by the aforementioned individuals, or for being responsible for or complicit in, or for being directly or indirectly involved in, any transaction or series of transactions involving deceptive practices or corruption and the Government of Venezuela or projects or programs administered by the Government of Venezuela. This action also includes the identification of a luxury apartment in Miami, Florida, as blocked property in the interest of one of these companies.

Seafire Foundation
Mulberry Proje Yatirim Anonim Sirketi
Group Grand Limited General Trading
Group Grand Limited, S.A. de C.V.
Group Grand Limited
Asasi Food FZE
Fundacion Venedig (Panama)
Inversiones Rodime S.A. (Panama)
Saafartex Zona Franca SAS (Colombia)
Venedig Capital S.A.S. (Colombia)
AGRO XPO S.A.S. (Colombia)
Alamo Trading S.A. (Colombia)
Antiqua Del Caribe S.A.S. (Colombia)
Avanti Global Group S.A.S. (Colombia)
Global Energy Company S.A.S. (Colombia)
Gruppo Domano S.R.L. (Italy)
Manara S.A.S. (Colombia)
Techno Energy, S.A. (Panama)
Corporacion ACS Trading S.A.S. (Colombia)
Dimaco Technology, S.A. (Panama)
Global De Textiles Andino S.A.S. (Colombia)
Saab Certain & Compania S. En C. (Colombia)

Also Known As:
Alex Saab

Born:
December 21, 1971

Country:
Venezuela

Nationality:
Colombian

Reason for the color:
» Treasury Increases Pressure on Alex Saab and His Network in Venezuela – September 17, 2019;
» Treasury Disrupts Corruption Network Stealing From Venezuela’s Food Distribution Program, CLAP – July 25, 2019;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.