• Wed. May 22nd, 2024

From Mexico to Andorra: Unraveling Juan Ramón Collado’s Complex Financial Web

BySamantha Jones

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

In 2015, Juan Ramón Collado, a renowned lawyer known for defending prominent figures in Mexico such as former president Enrique Peña Nieto, had more than 100 million euros seized in Andorra. Confidential reports obtained by EL PAÍS reveal that Collado 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. 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 in Mexico 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 has raised questions about the origins of the funds and the extent of his involvement in potential illicit activities.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

Leave a Reply