Mexico arrests alleged drug cartel financier

MEXICO CITY (AP) - Mexican federal police say they have arrested a man they believe is a high-level financial operator for the Knights Templar drug cartel.

Juan Reza Sanchez is suspected of being a longstanding member of the cartel and its predecessor, the La Familia gang.

There is a 5 million-peso ($380,000) reward for his capture. The two gangs have been active in the western state of Michoacan, but Reza Sanchez was captured Tuesday in the north-central state of Queretaro.

Some members of the Knights Templar gang may have moved to other states to avoid a federal police offensive and vigilante movement in Michoacan.

Police say the 52-year-old Reza Sanchez had methamphetamines and an assault rifle with him when he was captured.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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