Lawyer for the Mexican Elite Faces International Money Laundering Investigation

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

Juan Ramón Collado, a prominent lawyer with a history of representing powerful Mexicans, including former president Enrique Peña Nieto, has been at the center of an international money laundering investigation since 2015. Confidential reports obtained by EL PAÍS reveal that Collado has had over 100 million euros seized in Andorra since then.

Collado, 60, utilized a complex network of accounts in Andorra, with branches in Holland, Panama, and Hong Kong, to conceal his fortune. Investigators suspect that the money may have belonged to Mexican political leaders. The lawyer had at least two accounts in Andorra with nearly 19 million euros in 2023, managing the rest through Dutch companies to shield his identity.

Collado invested over half of his assets in Andorra in variable income funds and shares of prominent companies. Simultaneously, the Andorran justice system targeted Collado’s associates, including his alleged frontman Jaime Jesús Sánchez Montemayor, who managed the financial aspects of Collado’s operations.

Despite his high-profile clients, Collado’s legal troubles have tarnished his reputation in both Mexico and Andorra. The ongoing investigations shed light on the intricate financial operations of a man once considered the lawyer of the Mexican elite.

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