May 22, 2024 6:46 pm
Andorra retains over 100 million euros confiscated from lawyer of Peña Nieto, Juan Collado

Juan Ramón Collado, a prominent Mexican lawyer known for defending influential figures such as former president Enrique Peña Nieto and Pemex union leader Carlos Romero Deschamps, has had his assets frozen in Andorra since 2015. Confidential reports obtained by EL PAÍS reveal that the lawyer used a complex network of accounts spanning Andorra, Holland, Panama, and Hong Kong to move his fortune.

According to the reports, Collado 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. The lawyer invested more than half of his assets in Andorra in variable income funds and shares of companies like Volkswagen and Apple.

Collado’s close associate, Jaime Jesús Sánchez Montemayor, has been indicted for money laundering in connection with the lawyer’s finances. 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.

The legal troubles of Juan Ramón Collado extend beyond Andorra. Investigations in Mexico have uncovered alleged money laundering activities connected to him. 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 Peña Nieto and businessman Raúl Salinas de Gortari have further heightened interest in his financial dealings.

Amidst ongoing legal battles and investigations into Juan Ramón Collado’s wealth and connections continue to draw attention from authorities in both countries. The intricate web of accounts and investments used by him to manage his fortune raises questions about the origins of the funds and the extent of his involvement in potential illicit activities.

In conclusion, Juan Ramón Collado’s legal troubles highlight concerns over money laundering activities within Mexico’s political elite and their use of offshore tax havens such as Andorra to conceal their assets from public scrutiny.

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