Mexican navy nabs suspected cartel money man

Mexico City, May 10 (EFE).- Navy personnel arrested a man suspected of managing financial operations for the fearsome Los Zetas drug cartel, the Mexican government said.

Alfonso Zamudio Quijada was nabbed Wednesday as he left a house in Monclova, a city in the northern state of Coahuila, Government Secretariat official Eduardo Sanchez Hernandez said.

Zamudio offered no resistance, Sanchez said, crediting an anonymous tip for the arrest.

The suspect, who carried false identification, was in possession of an AK-47 assault rifle and ammunition, around $300,000 in cash and 500 plastic bags containing a white, powdery substance resembling cocaine.

Zamudio offered the cash to the navy personnel if they would let him go, Sanchez said.

The detainee was taken to Mexico City and turned over to the federal Attorney General's Office.

Founded by deserters from an elite Mexican special forces unit, Los Zetas began their criminal career as the armed wing of the Gulf drug cartel.

The partners had a falling out, however, and the Zetas went into business on their own account, battling the Gulf outfit over drug territories and establishing lucrative sidelines in extortion, kidnapping, migrant-smuggling and auto theft.