Colombian authorities have captured the alleged crime boss “Mison,” also known as the “invisible narco”, who played a key role in facilitating the arrival of the Venezuelan criminal group Tren de Aragua in the capital Bogotá

The suspect, also known as “El Viejo,” was detained in Ecuador and handed over to Colombian authorities at the Rumichaca international border crossing under an Interpol notice, in a joint operation with Ecuadorian officials.

In Colombia, he is wanted on charges including aggravated conspiracy, homicide, drug trafficking and illegal weapons possession. A judge has ordered his pre-trial detention.

Authorities say Mison was the leader of “Los Maracuchos,” a criminal network with a strong presence in three Bogotá districts – Kennedy, Santa Fe and Los Mártires. For more than a decade, he allegedly operated under the guise of a nightlife entrepreneur, owning bars, nightclubs and informal rental properties known as “pagadiarios.”

Mayor Carlos Fernando Galán described the arrest as one of the most significant blows to organized crime in the city in recent years, calling the suspect “almost a myth” within criminal circles.

“He appeared to be a businessman in Bogotá’s nightlife economy, but in reality he was a central figure in a complex criminal structure,” Galán said.

According to investigators, the establishments he controlled served as hubs for drug distribution and were linked to serious crimes, including killings and torture. Among the venues identified by authorities are sites known as “Los Potrillos” and “Hotel Negro.”

Police also allege that Mison played a decisive role in enabling the expansion of Tren de Aragua into Bogotá around 2018, exploiting vulnerable migrant populations to recruit and train individuals for criminal activities. The group, which originated in Venezuela, has expanded across Latin America and is increasingly associated with organized crime in Colombia’s urban centers.

Bogotá Police Chief General Giovanni Cristancho said the arrest followed a two-year investigation involving cross-border cooperation. “He maintained a double life as a businessman while coordinating criminal operations,” noted Cristancho. “He was a pioneer in using ‘pagadiarios’ as operational centers to consolidate territorial control.”

Authorities said Mison fled to Ecuador in 2024 following intensified police pressure in Bogotá, where he continued operating under the cover of a merchant until his location was confirmed.

Prosecutors estimate that he accumulated assets worth more than 20 billion pesos (approximately $5 million), including rural properties, vehicles and real estate held through third parties. Officials say he generated monthly criminal revenues of up to 2 billion pesos through drug trafficking, extortion and other illicit activities.

Bogotá Security Secretary César Restrepo said the suspect’s influence extended beyond narcotics, linking him to extortion networks and contract killings.

“This is not a distant trafficker. He directly fueled violence in Bogotá and is responsible for significant harm to victims across the city,” Restrepo said.

Authorities believe the arrest will disrupt criminal structures tied to drug trafficking and urban violence, although they caution that such networks often adapt quickly.

If convicted, Mison could face a prison sentence of up to 32 years.

The operation is the latest in a series of high-profile security actions in Bogotá, as authorities seek to regain control over criminal networks and restore public safety in key areas of the capital.

Mayor Galán said the result demonstrates that sustained investigations and coordinated efforts can weaken organized crime groups.

President Gustavo Petro has triggered a rare institutional confrontation with the Central Bank  after he ordered to “break relations” following an modest interest rate increase, raising concerns over economic policy independence just two months before the May 31 presidential election.

The board of Banco de la República voted on March 31 to raise its benchmark rate by 100 basis points to 11.25 per cent, defying government pressure for looser policy. Finance minister Germán Ávila denounced the move as “disproportionate” and withdrew from the board, accusing policymakers of privileging financial sector interests over economic growth.

The decision marks an unprecedented rupture in Colombia’s macroeconomic governance framework. By stepping away from the board, Ávila has effectively deprived it of the quorum required to meet under existing statutes, raising the prospect of a policy deadlock just as inflation remains above target.

At stake is more than a disagreement over rates. The confrontation exposes deeper tensions between a government focused on growth and redistribution and a technocratic central bank committed to price stability. It also risks undermining one of Colombia’s most respected institutions at a time of heightened global uncertainty.

Governor Leonardo Villar defended the rate hike, insisting the bank’s constitutional mandate to control inflation could not be subordinated to political considerations. He said the board remained focused on steering inflation back to its 3 per cent target, noting that price pressures — currently running at 5.29 per cent annually — remain elevated despite signs of moderation.

“The decisions are based on technical criteria,” Villar said, rejecting accusations of bias towards the financial sector. He also warned that the government’s withdrawal runs counter to institutional norms.

Markets are now watching whether the government intends to sustain its boycott. Under Colombian law, the presence of a Finance Minister is required for board meetings, meaning continued absence could paralyse rate-setting decisions in the coming months. Three key meetings — in April, June and July — are scheduled before the end of Petro’s term, with the latter two falling after a decisive first-round of the presidential elections.

Business leaders have reacted with alarm. Camilo Sánchez, head of utilities association Andesco, described the breakdown in coordination as “dire”, warning that permanent dialogue between fiscal and monetary authorities is essential for economic stability.

Analysts say the government may be using institutional leverage to halt further rate increases, given that a majority of board members had signalled a tightening bias to anchor inflation expectations. A prolonged standoff could, however, carry significant costs.

Colombia has long been viewed by investors as a regional outlier for its strong central bank independence. Any perception that political pressure is eroding that autonomy could weigh on the peso, increase borrowing costs and deter foreign investment.

The dispute comes against a complex macroeconomic backdrop. Inflation has been fuelled in part by a sharp increase in the minimum wage and higher public spending, while external risks — including rising energy prices linked to the war in the Middle East and closure of the Strait of Hormuz by Iran.

For Petro, the rate hike reinforces a long-standing critique that tight monetary policy is stifling growth and employment. Writing on social media, the president accused the central bank of pursuing a “suicidal” policy that harms the wider economy.

Yet economists warn that weakening institutional credibility could ultimately prove more damaging than high interest rates. “The risk is not just policy error,” one Bogotá-based analyst said. “It is the erosion of the rules of the game.”

The coming weeks will test whether the standoff is a negotiating tactic or the start of a more fundamental shift in Colombia’s economic governance. Either way, the episode has already injected a new layer of uncertainty into one of Latin America’s most closely watched economies.