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Aruban pleads not guilty to drug-money laundering

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An Aruban businessman accused of reaching the heights of drug-money laundering by cleansing $800 million in profits pleaded not guilty to charges carrying a possible life prison term.

After staying beyond the legal reach of the United States for five years, Randolph Habibe made his first appearance in a U.S. court Thursday thanks to a change in Aruban extradition rules in October.U.S. Magistrate-Judge Linnea Johnson ordered Habibe, 54, to be held without bond for trial, which has not been set. If convicted of the most serious racketeering charge, he could face 10 years to life in prison.