Case Success: Major Drug Bust Results

Calgary businessman Talal Fouani has pleaded guilty to money laundering charges related to a significant drug bust involving law enforcement agencies from Canada, and the U.S. Fouani was charged along with more than a dozen other individuals, with law enforcement seizing $55 million in drugs and C$7 million in assets. Along with the money laundering charge, he pleaded guilty to, Mr. Fouani was also accused of partaking in a criminal organization and possessing proceeds of crime. His company – Fouani Investments – was subject to prosecution and significant fines.

Yoav Niv entered the guilty plea on Mr. Fouani’s behalf before provincial court Judge Greg Stirling. In exchange for Mr. Fouani’s plea, the prosecution agreed to withdraw the charges of criminal organization and possessing proceeds of crime. More significantly, the charges of money launder, criminal organization, and proceeds of crime as against Mr. Fouani’s brother and sister were terminated by way of a stay of proceedings, and Fouani Investments was not subject to prosecution and/fines.

Read the full article to learn more about the money laundering charge brought against Calgary businessman Talal Fouani and his involvement in a major drug bust.