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

Andorran Court Freezes Millions in Collado’s Accounts as Money Laundering Investigations Continue

Juan Ramón Collado, a prominent lawyer known for representing 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 as investigations in Mexico uncovered 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 has also come under scrutiny.

Collado invested more than half of his assets in variable income funds and shares of companies like Volkswagen and Apple. His close associate Jaime Jesús Sánchez Montemayor has been indicted for money laundering in connection with Collado’s finances. Amidst ongoing legal battles and investigations, Collado’s wealth and connections continue to draw attention from authorities across both countries.

In conclusion, Juan Ramón Collado’s legal troubles are not limited to Andorra but extend beyond it with investigations uncovering alleged money laundering activities linked to him

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