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Juan Ramón Collado, a prominent lawyer known for his defense of influential Mexicans, has had over 100 million euros seized in Andorra since 2015. Private reports obtained by EL PAÍS reveal a complex network of accounts spanning Andorra, Holland, Panama, and Hong Kong that the lawyer used to conceal his fortune.
The reports indicate that Collado, 60, utilized a sophisticated system involving accounts at Banca Privada d’Andorra and Crèdit Andorrà to move his assets. 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’s legal troubles extend beyond Andorra as investigations in Mexico uncover 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.
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 has also come under scrutiny.
The intricate web of accounts and investments used by Collado to manage his fortune has raised questions about the origins of the funds and the extent of his involvement in potential illicit activities. Despite ongoing legal battles and investigations, Collado’s wealth continues to draw attention from authorities worldwide who seek to understand this complex financial operation better.
In conclusion, Juan Ramón Collado’s legal troubles continue despite ongoing legal battles and investigations into alleged money laundering activities across multiple countries. His wealth management strategies raise questions about potential illicit activities due to their intricacy and complexity.