Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Sources: Mexico arrests capo Guzman, son of ‘El Chapo’

Mexicans soldiers stand guard near burning vehicles on a street during an operation to arrest the son of Joaquin "El Chapo" Guzman, Ovidio Guzman, in Culiacan, Sinaloa state, Mexico, on Jan 5, 2023. (JUAN CARLOS CRUZ / AFP)

MEXICO CITY – Mexican capo Ovidio Guzman, the son of incarcerated kingpin Joaquin "El Chapo" Guzman, has been arrested by Mexican authorities, four officials familiar with the matter told Reuters on Thursday.

READ MORE: Wife of 'El Chapo' to 'plead guilty to helping him run drug cartel'

Guzman was briefly detained in the northern state of Sinaloa in October 2019 by security forces, but then quickly released to avoid violent retribution from his drug gang.