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Mexico seizes $26m in 'drug cash' Mexico seizes $26m in 'drug cash'
(20 minutes later)
The Mexican military have confiscated $26m (£14m) in cash believed to belong to the notorious Sinaloa drugs cartel, officials say.The Mexican military have confiscated $26m (£14m) in cash believed to belong to the notorious Sinaloa drugs cartel, officials say.
It is thought to be Mexico's second-highest cash seizure ever.It is thought to be Mexico's second-highest cash seizure ever.
A defence ministry spokesman said soldiers had found the money stuffed inside cardboard boxes at a house in Culiacan, the capital of Sinaloa state.A defence ministry spokesman said soldiers had found the money stuffed inside cardboard boxes at a house in Culiacan, the capital of Sinaloa state.
They also confiscated more than 2kg(4lb) of marijuana and two guns with ammunition during a raid on the house.They also confiscated more than 2kg(4lb) of marijuana and two guns with ammunition during a raid on the house.
Three people fled the scene and no-one has been arrested, officials say.Three people fled the scene and no-one has been arrested, officials say.
Transit routeTransit route
Sinaloa state, in the north-west of the country, is part of a key transit route for drugs from Latin America into the US.Sinaloa state, in the north-west of the country, is part of a key transit route for drugs from Latin America into the US.
Defence ministry official Gen Luis Oliver said documents found in the house named a member of a gang allegedly led by an associate of fugitive Sinaloa cartel chief Joaquin Guzman.Defence ministry official Gen Luis Oliver said documents found in the house named a member of a gang allegedly led by an associate of fugitive Sinaloa cartel chief Joaquin Guzman.
Gen Oliver said the cash seizure was dwarfed only by one other in Mexico - when police seized $207m (£115m) in March 2007 linked to a drug-trafficking ring.Gen Oliver said the cash seizure was dwarfed only by one other in Mexico - when police seized $207m (£115m) in March 2007 linked to a drug-trafficking ring.
In the last two years, Mexican President Felipe Calderon has deployed more than 25,000 troops, along with federal police, in a crackdown on drug gangs in the country. In the last two years, Mexican President Felipe Calderon has deployed more than 40,000 troops, along with federal police, in a crackdown on drug gangs in the country.
Despite a string of seizures of money, drugs and arms, increasing cartel violence has claimed more than 2,700 lives this year.Despite a string of seizures of money, drugs and arms, increasing cartel violence has claimed more than 2,700 lives this year.