Elite Mexican Lawyer Juan Ramón Collado: Over 100 Million Euros Seized in Andorra and Under Investigation

By Eleanor Harrison Mar27,2024
Andorra keeps over 100 million euros confiscated from lawyer of Peña Nieto, Juan Collado

Juan Ramón Collado, a prominent lawyer who has represented influential Mexicans, including former president Enrique Peña Nieto, had over 100 million euros seized in Andorra since 2015. 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, utilized 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. Collado had at least two accounts in Andorra with nearly 19 million euros in 2023, managing the rest through Dutch companies to hide his identity.

The lawyer invested over half of his assets in Andorra in variable income funds and shares of prominent companies. At the same time, 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 maintains that his client’s assets are legitimate and plans to challenge the money laundering investigation. The investigation also extends to Collado’s family members and associates, with suspicions of additional companies being used in the money laundering scheme.

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

Despite his high-profile clients

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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