Banah International Group, a Hialeah-based sugar and export company that was approved for financial incentives by Miami-Dade County in 2011, filed for chapter 11 protection on Friday, the South Florida Business Journal reported on Saturday. The approval of incentives for Banah attracted attention because of media reports that owner president Alexander I. Perez was previously convicted for cocaine trafficking. The company's bankruptcy petition said that it has between $1 million and $10 million in debt and a similar range for assets.
