The properties and lots seized, valued at 35 billion, are located in Barranquilla (Atlántico).

The Attorney General’s Office identified assets which belonged to businessman Alex Naín Saab Morán and that were obtained through irregular financial operations.

In this sense, a prosecutor of the Special Office on Assets Forfeiture issued precautionary measures such as suspension of power to alienate a property and a seizure process on seven properties and lots located in exclusive areas of Barranquilla (Atlantico) whose value exceeded $35 billion.

The assets seized were a mansion 28 billion worth in Riomar sector, two lots, a house, an apartment and three garages.

The measure aimed at suspending the power to alienate a property was registered in the Office of Public Instruments Registry (Oficina de Instrumentos Públicos) to avoid the sale of the properties before their seizure.

The Office of the Attorney General established that properties were held in the partnership’s name which served as a façade to hide Alex Saab’s resources that were obtained through a company with which he made fictitious imports and exports. This represented losses to the Colombian State.

*(Extinción del Derecho de Dominio in Spanish) which means a loss of ownership of property derived from or used in criminal activity and therefore, the property is seized or recovered by the government”.