NEW YORK ( TheStreet) -- A suspect in the failed car bombing in Times Square Saturday has been arrested trying to leave the country.

"At approximately 11:45 P.M. EDT, Faisal Shahzad was taken into custody. Agents of the Federal Bureau of Investigation and detectives of the New York City Police Department arrested Shahzad for allegedly driving a car bomb into Times Square on the evening of May 1, 2010," said the joint statement from the U.S. Attorney's Office for the Southern District of New York, the Federal Bureau of Investigation, and the New York City Police Department.

Shahzad, from Connecticut, is a naturalized U.S. citizen born in Pakistan. He was arrested while trying to get on a flight to Dubai, said the statement, issued late Monday.

Shahzad, 30 years old, was believed to have recently bought the 1993 Nissan Pathfinder that was found loaded with gasoline, propane, fireworks and fertilizer in the heart of Times Square, a person briefed on the investigation told the New York Times. The car bomb failed to detonate in Times Square on Saturday.

The charges against Shahzad weren't announced.

Shahzad was set to appear in federal court in Manhattan on Tuesday to be formally charged.

-- Reported by Joseph Woelfel in New York.

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