Prominent Lawyer Juan Ramón Collado’s Complex Money Laundering Scheme Unveiled in Andorra

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. Recent reports 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 sophisticated 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 obscure his identity.

The lawyer invested over half of his assets in Andorra in variable income funds and shares of prominent companies. Meanwhile, 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.

In 2018, Collado’s fortune in Andorra suffered setbacks due to extravagant expenses by him that were revealed during investigations into money laundering cases involving him. His arrest in Mexico City in 2019 led to a reopening of the case and implicated him further as a suspect for money laundering cases.

Despite representing high-profile clients such as Mexican politicians and businessmen

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. Recent reports 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…

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