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

Juan Ramón Collado, a renowned Mexican lawyer known for defending prominent figures such as former president Enrique Peña Nieto and Pemex union leader Carlos Romero Deschamps, has had over 100 million euros seized in Andorra since 2015. Recent reports obtained by EL PAÍS reveal a complex network of accounts spanning Andorra, Holland, Panama, and Hong Kong that Collado used to manage his fortune.

According to the reports, Collado, who is 60 years old, used 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 also 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. However, it appears that legal troubles extend beyond Andorra as investigations in Mexico uncovered alleged money laundering activities related to the lawyer’s finances.

In addition to facing charges in Mexico City for money laundering in 2019, Collado’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. As legal battles and investigations continue amidst ongoing attention from authorities in both countries

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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