From Andorra to Mexico: The Journey of Juan Ramón Collado’s Stolen Fortune

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

In 2015, Juan Ramón Collado, a prominent lawyer with an illustrious career representing Mexican power brokers, including former president Enrique Peña Nieto, had over 100 million euros seized in Andorra. Confidential reports obtained by EL PAÍS reveal a complex network of accounts in Andorra, with branches in Holland, Panama, and Hong Kong, used to conceal his fortune.

Collado, 60, employed a convoluted scheme involving Banca Privada d’Andorra and Crèdit Andorrà to move his funds. 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 maintain anonymity.

The lawyer invested over half of his assets in Andorra in variable income funds and shares of esteemed 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.

Collado’s lawyer in Andorra asserts that his client’s assets are legitimate and intends to contest the money laundering investigation. The investigation also extends to Collado’s family members and associates, with suspicions of additional companies being utilized in the money laundering scheme.

In 2018, Collado’s fortune in Andorra suffered setbacks. However, his arrest in Mexico City in 2019 led to the reopening of the case. The investigation unveiled extravagant expenses by Collado, such as private aircraft purchases and luxury property acquisitions. Judicial proceedings in Mexico have also implicated Collado in money laundering cases.

Despite representing high-profile clients throughout his career

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