The Mexican authorities have frozen bank accounts with $ 280 million linked to the country's most powerful cartel

Mexican authorities freeze bank accounts where the country's most powerful drug cartel has hidden $ 280 million in assets

  • The Mexican Ministry of Finance has identified hundreds of bank accounts linked to the Jalisco New Generation cartel, the country's most powerful cartel
  • At least $ 280 million was frozen in various financial institutions
  • The money deposited in the account was recorded during the first seventh month of President Andrés Manuel López Obrador tenure
  • The Jalisco New Generation cartel is led by Nemesio & # 39; El Mencho & # 39; Oseguera Cervantes
  • El Mencho is one of the 10 most wanted men on the FBI list and the US Department of Justice also offers a $ 10 million reward for his arrest
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The Mexican Treasury department froze $ 4,600 Mexican billion pesos ($ 240 million USD) plus an additional $ 40 million in the accounts estimated to be linked to the Jalisco New Generation cartel, led by Nemesio & # 39; El Mencho & # 39; Oseguera Cervantes

The Mexican Treasury department froze $ 4,600 Mexican billion pesos ($ 240 million USD) plus an additional $ 40 million in the accounts estimated to be linked to the Jalisco New Generation cartel, led by Nemesio & # 39; El Mencho & # 39; Oseguera Cervantes

The Mexican government froze nearly $ 280 million on bank accounts that are usually among the most powerful cartel in the country.

The Office for Treasury and Public Credit announced on Friday that it had identified accounts at various financial institutions in Mexico, where the Jalisco New Generation cartel had hidden part of the $ 20 billion in assets it owns.

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The Financial Intelligence Unit (FIU) of the Ministry of Finance froze $ 4,600 Mexican billion pesos ($ 240 million USD) plus an additional $ 40 million in the accounts that are estimated to be associated with the organized criminal syndicate.

According to FIU director Santiago Nieto Castillo, the cartel had generated the most illegal accounts found by the investigation.

The money secretly deposited in the bank accounts comes from corrupt deals, fuel theft and other criminal activities that have been reported since President Andrés Manuel López Obrador began his duties in December 2018.

The financing system identified at least 550 accounts related to the Jalisco New Generation cartel.

The Jalisco New Generation cartel slowly came to power when his former ally, the Sinaloa cartel, lost its position due to the capture and extradition of its leader, Joaquín & # 39; El Chapo & # 39; Guzmán

The Jalisco New Generation cartel slowly came to power when his former ally, the Sinaloa cartel, lost its position due to the capture and extradition of its leader, Joaquín & # 39; El Chapo & # 39; Guzmán

The Jalisco New Generation cartel slowly came to power when his former ally, the Sinaloa cartel, lost its position due to the capture and extradition of its leader, Joaquín & # 39; El Chapo & # 39; Guzmán

The finance ministry investigated the financial transactions of the gangs after the magistrate Isidro Avelar Gutiérrez was sanctioned by the US Treasury against Gutiérrez for the bribes he had accepted the Jalisco New Generation and another group known as Los Cuinis, which has close ties with the aforementioned gang.

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The judge was appointed under the Kingpin Act, which focuses on drug trafficking.

In 2018, Avelar Gutiérrez ordered the release of Francisco Aguilar Santana, a top lieutenant in the Jalisco New Generation cartel.

El Mencho is one of the 10 most wanted men on the FBI list and the US Department of Justice also offers a $ 10 million reward for his arrest

El Mencho is one of the 10 most wanted men on the FBI list and the US Department of Justice also offers a $ 10 million reward for his arrest

El Mencho is one of the 10 most wanted men on the FBI list and the US Department of Justice also offers a $ 10 million reward for his arrest

The Mexican authorities have also investigated Judge Magistrate Isidro Avelar Gutiérrez for alleged dealing with the Jalisco New Generation cartel

The Mexican authorities have also investigated Judge Magistrate Isidro Avelar Gutiérrez for alleged dealing with the Jalisco New Generation cartel

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The Mexican authorities have also investigated Judge Magistrate Isidro Avelar Gutiérrez for alleged dealing with the Jalisco New Generation cartel

Between 2010 and 2016, the judge would have received $ 18 million pesos, nearly $ 940,000, for favors to the cartel.

According to Insight Crime, the network is actively present in at least 22 states in Mexico.

It started to rise slowly when his former ally, the Sinaloa cartel, lost his position due to the capture and extradition of his leader, Joaquín & # 39; El Chapo & # 39; Guzmán.

The Jalisco New Generation cartel, which once served as an armed branch of El Chapo, is led by Nemesio & # 39; El Mencho & # 39; Oseguera Cervantes – who is the most wanted man in Mexico and has a $ 1.6 million bounty on his head.

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El Mencho is one of the 10 most wanted men on the FBI list and the US Department of Justice also offers a $ 10 million reward for his arrest.

According to the US Drug Enforcement Agency, El Mencho & # 39; s organization is active in 22 of the 32 states in Mexico and has sent cocaine, heroin, metamfetamine and fentanyl-laced heroin to the United States. It has also established that the group is present in Europe, Asia and Australia.

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