Mexican Lawyer Juan Ramón Collado’s Luxury Fortune Disappears Under Andorran Investigation

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

Juan Ramón Collado, a prominent lawyer known for representing powerful Mexicans, including former president Enrique Peña Nieto, has had over 100 million euros seized in Andorra since 2015. Investigators believe that the money may have belonged to Mexican political leaders, and they suspect that Collado used a complex network of accounts in Andorra, with branches in Holland, Panama, and Hong Kong to conceal his fortune.

Collado, who is 60 years old, utilized a complicated scheme involving Banca Privada d’Andorra and Crèdit Andorrà to move his funds. His associates in Andorra managed two accounts for him with nearly 19 million euros in 2023. The rest of the assets were managed 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.

The investigation also targeted Collado’s associates, including his alleged frontman Jaime Jesús Sánchez Montemayor, who managed the financial aspects of Collado’s operations. However, Collado’s lawyer in Andorra maintains that his client’s assets are legitimate and plans to challenge the money laundering investigation. The case extends to Collado’s family members and associates as well, with suspicions of additional companies being used in the money laundering scheme.

In 2018, Collado’s fortune suffered setbacks when he was arrested in Mexico City for extravagant expenses such as private aircraft purchases and luxury property acquisitions. Judicial proceedings in Mexico implicated him in money laundering cases as well. Despite this tarnishing of reputation both in Mexico and Andorra due to ongoing investigations on his intricate financial operations.

Collado was once considered one of the most respected lawyers among Mexican elites due to high-profile clients he represented but now he faces legal troubles that threaten his legacy.

The ongoing investigations shed light on how complex financial operations can be carried out by individuals or groups despite their high status or power.

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