• Fri. Jun 14th, 2024

Andorran Court Freezes $100 Million in Assets of Prominent Mexican Lawyer Juan Ramón Collado amid Money Laundering Investigations

BySamantha Jones

Mar 27, 2024
Andorra retains over 100 million euros confiscated from lawyer of Peña Nieto, Juan Collado

Juan Ramón Collado, a prominent lawyer known for his defense of influential Mexicans, has had more than 100 million euros seized in Andorra since 2015. Confidential reports obtained by EL PAÍS reveal a complex network of accounts spanning Andorra, Holland, Panama, and Hong Kong that Collado used to move his fortune.

The reports indicate that Collado, 60, utilized a sophisticated system involving accounts at Banca Privada d’Andorra and Crèdit Andorrà to conceal funds that may have belonged to Mexican political leaders. He had at least two accounts in Andorra with a combined total of 18.9 million euros, and the rest of his assets were managed through Dutch instrumental companies as a way to protect his identity.

Collado’s legal troubles extend beyond Andorra, with investigations in Mexico uncovering alleged money laundering activities. His arrest in Mexico City in 2019 for money laundering led to the reopening of the case in Andorra and the seizure of his funds. The lawyer’s connections to powerful figures in Mexico, such as former president Enrique Peña Nieto and businessman Raúl Salinas de Gortari, have further heightened interest in his financial dealings.

Despite maintaining that his assets are justified, Collado’s funds remain frozen in Andorra as the investigation continues. The Andorran justice system is focusing on Collado’s family environment, including his sister and brother-in-law, as part of the ongoing probe. The lawyer’s opulent lifestyle, including the purchase of aircraft and luxury apartments, has also come under scrutiny.

Collado’s close associate, Jaime Jesús Sánchez Montemayor, has been indicted for money laundering in connection with Collado’s finances. The intricate web of accounts and investments used by the lawyer to manage his fortune has raised questions about the origins of the funds and the extent of his involvement in potential illicit activities.

As authorities continue their investigations into Collado’s financial dealings both countries are focusing on how he was able to move such large sums across borders without detection.

Overall Juan Ramón Collado’s wealth and connections continue to draw attention from authorities around the world due to concerns about money laundering activities.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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