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

Mexican Lawyer Juan Ramón Collado Faces Major Financial Losses in Andorra Due to Money Laundering Investigations

Juan Ramón Collado, a prominent lawyer known for representing influential Mexicans such as former president Enrique Peña Nieto, has had over 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.

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.

Collado invested more than half of his assets in Andorra 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.

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 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 Peña Nieto and businessman Raúl Salinas de Gortari have further heightened interest in his financial dealings.

Amidst ongoing legal battles and investigations, Collado’s wealth and connections to prominent figures continue to draw attention and scrutiny from authorities in both countries. The intricate web of accounts and investments used by the lawyer 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 complex network of accounts spanning multiple countries has led to significant financial losses for him due to investigations by various authorities worldwide. As he continues to face legal battles related to money laundering charges against him

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