US Sanctions Indian National For International Narcotics Trafficking - Treasury Department

Faizan Hashmi Published February 21, 2019 | 12:39 AM

The US government has imposed economic sanctions on an Indian national accused of acting as a "kingpin" narcotics trafficking mastermind, the Department of the Treasury announced on Wednesday in a press release

WASHINGTON (UrduPoint News / Sputnik - 21st February, 2019) The US government has imposed economic sanctions on an Indian national accused of acting as a "kingpin" narcotics trafficking mastermind, the Department of the Treasury announced on Wednesday in a press release.

"Today, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) identified Indian national Jasmeet Hakimzada as a Significant Foreign Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act)," the release said.

Hakimzada, who resides in the United Arab Emirates, runs a global drug trafficking network that smuggles heroin, cocaine, ephedrine, ketamine and synthetic opioids into the United States, Australia, New Zealand and the United Kingdom, the Treasury Department said.

"Jasmeet Hakimzada's global drug trafficking and money laundering network has been involved in smuggling heroin and synthetic opioids around the world," Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker said in the release.�

Since at least 2008, Hakimzada has laundered hundreds of millions of Dollars of illicit proceeds using his UAE-based company Maiwand General Trading Company LLC through financial institutions in the United States, Brazil, India, Panama, the UAE and the United Kingdom, the release added.�