Juan Pablo Granda was employed by NTR Metals to go into the Latin America jungle and buy gold. U.S. investigators eventually caught on that this practice could have been abetting cocaine traffickers turn their money into cash. NTR made efforts to evaluate their business practices, hiring Jones Day to review its business practices. Granda said he would help.
When NTR flew him home last week, he didn’t exect to be fired. But that’s what happened. Then his mother called from the home they shared in Miami.
“Listen, I’ve got all these FBI agents here, they might want to arrest you,” she said. “So he got into his car and went to mom’s house and they arrested him.”
The 35-year old was arrested for conspiracy to commit money laundering per the network in which NTR helped launder international drug dealer funds. Granda was denied bail on Monday.
“The scope of this is enormous, and right in the middle of it is Mr. Granda,” Assistant U.S. Attorney Frank Maderal told the judge.
Maderal says Granda has handled over $200 million in gold, and earned tens of thousands of dollars in kickbacks. NTR bought Peruvian gold from illegal mines, and thus supported human trafficking, forced labor and environmental destruction. NTR’s Miami office laundered billions for Peruvian narco-terrorists.
“Gold smuggling goes hand-in-hand with narcotics trafficking,” Maderal said.
U.S. Customers records show NTR likely began purchasing illegally mined gold in Peru starting in 2012, as Bloomberg reports.
The complaint, which suggests NTR imported $3.6 billion worth from 2012 to 2015, says the wholesale gold distributor started “smuggling illegal gold through a shifting array of Latin American countries.”