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US demands El Chapo forfeit $12.7 billion in drug money

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Prosecutors on Friday said they were seeking $12.7 billion from convicted Mexican drug kingpin Joaquin "El Chapo" Guzman, based on a conservative estimate of revenues from his cartel's drug sales in the US. Based on prices for drugs quoted by various witnesses, Guzman's 25-year reign atop the Sinaloa cartel netted sales of some $11.8 billion in cocaine, $846 million in marijuana and $11 million in heroin, authorities said.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/2JufRUf

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