CARACAS (AP) – The last remaining fugitive capo of Colombia's Norte del Valle drug cartel has been captured in Venezuela and will be extradited to the United States, President Hugo Chavez announced Tuesday.

Carlos Alberto “Beto” Renteria, 65, was arrested Monday after he traveled to Venezuela's Margarita Island, Chavez said during a speech. He provided no further details.
The United States has offered a $5 million reward for information leading to the arrest of Renteria, whose cartel is accused in a 2004 U.S. indictment of shipping some 500 metric tons of cocaine to the U.S. beginning in 1990.
Chavez said Renteria could be extradited as soon as Wednesday.
Renteria is the second major Colombian drug trafficker wanted by U.S. authorities to be caught in Venezuela within the last month. Authorities arrested Luis Frank Tello on June 24.
Venezuela has in the more than 11 years since Chavez was first elected president become a major hub for traffickers smuggling Colombian cocaine to the United States and Europe.