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To: Lalit Jain who wrote (46867)	1/8/2000 11:08:00 AM
From: long-gone	Respond to of 116764

Friday January 7 8:16 PM ET Venezuela To Sue US Customs Service CARACAS, Venezuela (AP) - The Venezuelan government plans to sue the U.S. Customs Service for seizing millions of dollars from a bank during a major international money laundering sting. The suit will be presented in Venezuelan courts, and could reach $8 million, Banco Industrial de Venezuela president Fernando Alvarez Paz said Friday. The Foreign Ministry and Attorney General's office confirmed Alvarez Paz's announcement. Banco Industrial claims that U.S. Customs agents illegally seized $4 million during the May 1998 undercover operation, the largest anti-money laundering sting in U.S. history. More than 100 Mexicans and Venezuelans were arrested, and millions of dollars seized. Alvarez Paz said his bank would also present its case to recover the funds to a Los Angeles court in a trial set to begin May 16. Banco Industrial was implicated in the case when its branch manager in Miami, Esperanza Matos, was arrested in 1998 and later convicted of money laundering.(cont) dailynews.yahoo.com