‘El Chapo’ Guzman’s $16B in assets belong to Mexico, congressman claims

Members of the main opposition force in Mexico are demanding the federal government to take the necessary steps to claim the entirety of assets seized to drug lord Joaquin “El Chapo” Guzman, recently extradited to the United States.

On Wednesday Congressman Jorge Ramos Hernández, from the National Action Party (PAN), claimed Guzman’s fortune amounts to at least $16 billion and must be ceded to Mexico to restore the damages caused by the trafficker’s illicit activities.

“We are demanding that the federal government bring up the issue with President Trump so that [the U.S.] also covers this criminal’s extradition bill and so that the return of the total amount that corresponds to our country is guaranteed to the Mexican people,” said Ramos Hernandez.

He said that according to federal law, confiscated assets must be distributed between the countries that participated in the capture. “And it is public knowledge – he said – that in this case [Guzman] was captured thanks to actions entirely in the hands of the Mexican government and [was a result of] a total autonomous action.”

Back in June, Excelsior newspaper reported that courts in New York and Illinois were claiming a total of $21.6 billion to cover damages stemming from the Sinaloa’s cartel drug trafficking.

According to the paper’s sources, a judge in the Eastern District of New York had ordered the confiscation of at least $14 billion in cash from the trafficking of more than 465 tons of cocaine into the U.S. between September 1999 and February 2014.

In the Northern District of Illinois, court papers allege the cartel’s profit between 1990 and 2009 was at least $5.8 billion, while Chicago’s FBI division says U.S. authorities are claiming another $ 1.8 billion.

The U.S. and Mexico reportedly have been negotiating Guzman’s assets since June 2016.

“The governments of the United States and Mexico are talking about this issue,” a U.S. diplomatic source told Excelsior. “We hope that if convicted there will be a fair division of goods between the two countries, in accordance to what is predominantly done in this type of cases,” he said.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

My Daily Journal.........

Everything from my world to yours'......:)

The Perks of being Different

Just sharing some experiences :)


Confessions of a book-traveller

Digital Art Blog

Digital Art Blog — by Alex Markovich. Only new photos, drawings and music since September 1, 2017. E-mail: MarkovichUniverse AT gmail.com


मुखपृष्ठ मच्छिंद्र माळी



Pen Paper and IT

This is my corner of the Net where I can relax and share my thoughts

Dear Dharma

Advice on almost anything…

Human Life Run

Mistakes Are Reality Of Life.


New Perspective on Life


Machhindra wordpress

indahs: dive, travel & photography

cities - cultures - ocean - marine life

The Beauty Along the Road

Discovering Beauty in the small details of our lives


A personal comprehensive compendum of related personal thought, diary, articles geared towards championing and alleviating the course of humanity towards the achievement of a greater society whereby all the inhabitants of the world are seeing as one and treated equally without any division along religious affinity, social class and tribal affliation.This is all about creating a platform where everybody interested in the betterment of the society will have a voice in the scheme of things going on in the larger society.This is an outcome of deep yearning of the author to have his voice heard across the globe.The change needed by all and sundry all over the globe starts with us individually.Our world will be a better place if every effort at our disposal is geared towards taking a little simple step that rally around thinking outside the box.


A great WordPress.com site

Ashes of Life

A journey to discover my own writing voice

The Blog of Travel

Motorbikes, dogs and a lot of traveling.

%d bloggers like this: