Monday, June 24, 2019

Mexico auctions drug lords' properties, only raises $2.9 million

Chivis Martinez for Borderland Beat from DW



Sprawling ranches and houses with escape tunnels seized from drug lords have gone under the hammer in Mexico's capital. Some of the properties, including one where a cartel chief was killed by his brothers, got no bids.
Mexico's government has raised just under $3 million (€2.64 million) at an auction of luxury properties that once belonged to drug cartel leaders.

The 27 sites on offer included gang safe houses, vast estates, and mansions with swimming pools and escape tunnels. But in the end only nine of them were sold.

The earnings amounted to just a third of the $8.8 million the government had been hoping to raise for poor communities in the country's south.

Grisly murder scene




One house linked to the Beltran Layva drug cartel in Mexico City was sold for $753,315. But the luxury apartment [above] where the gang's leader, Arturo "El Barbas" Beltran, was killed  in 2009 found no buyer.

The $1.6-million "Los Tres Garcia" ranch in the State of Mexico, the most expensive item up for auction, also received no bids, according to local media. The property belonged to a relative of Edgar Valdez Villareal, alias "La Barbie," a drug lord and hitman who is currently serving jail time in the United States.

There were, however, buyers for a vacation home in Cancun owned by a former boss of the Gulf cartel, and a house linked to linked to the Arellano Felix gang in Rosarito near the US border.

Funds to go to poor areas

Mexican President Andres Manuel Lopez Obrador said the proceeds from the auction would go to poor communities and victims of drug violence in the southern state of Guerrerro.

"In addition to acquiring a good, they will be also be doing good, that is, they will be helping those who need support because of the situation of poverty and marginalization they suffer," Lopez Obrador said of the buyers ahead of the event.

After taking office in December, the leftist leader pledged to tackle violence and corruption. In one of his first acts as president, he implemented an austerity scheme that involved selling the presidential plane and other government-owned vehicles. 

Mexican authorities said they planned to hold more auctions in the next few months to redirect the proceeds of crime to poor areas.

An auction at the end of May raised $1.5 million from the sale of assets seized from organized crime syndicates, including Porsches and a Lamborghini Murcielago. The money raised from that event was for disadvantaged communities in Oaxaca.

19 comments:

  1. Which the poor refers to those greedy Mexican officials. Truly doubt that the amount raised will do little to those who need it. There are millions of people who are struggling.

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    1. 5:36 The idea is helping poor people honey, not eradicating poverty from the whole. Continent....
      You could send your two peisos and save a life, and that life might be the kidnapper that won't be there to kidnap you.
      The Russians make vacation homes for the farmers and the laborers a year long, no more B&B for the rich only.
      Selling will be hard because bureaucrats are forbidden from stealing, and ther may be more to come, EPN's White House, mean his wife's la gaviota property may soon get a sign for sale, she did nice for herself there. And there is a divorce settlement coming her way.

      Delete
    2. Mils is a loony lefty,who woulda thunk it

      Delete
  2. Yeah, cuz what bona fide purchaser wants to buy high dollar, high profile real property from the government's asset forfeiture program seized from a cartel boss and all his associates?

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  3. That los tres garcia house is ballin

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    1. is there a website or pics somewhere online were i could see this place

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    2. Anywhere to see it? Curious to see how the other half lives.

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  4. Who would wanna buy these houses anyway? Even if these houses were given away for free i wouldn’t want one. I would be terrified a commondo would come kill everyone at night

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    Replies
    1. I'm afraid that's a genuine fear

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    2. You can Airbnb it out to thrill seekers. Worst case scenario, you get no review.

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    3. 3:06 you sir won the comment thread

      Delete
  5. Yeah, like who would want to live in a places where people were tortured (just think of all the creative ways), gutted, flayed, dismembered,decapitated, burned alive, beat to death pinata style, hung and shot, fed to animals, or made into pozole, ...(did I forget anything)?

    Maybe Santa Muerte devotees, necrophiliacs, or modernday Mexican Draculas would be interested. IMO, any properties owned by narco-cartel minions must have terrifying psychological loadings that only weirdos could relate to.

    I can see a proud owner of a property pointing out:
    "Out there by the barn is where X used to (fill in modes of torture and death) and over in the field is where there are fosas full (X number) victims. And over in the mansion in the bedrooms is where there were orgies that Caligula would envy. Would you like to stay the night?"

    Finally, maybe these "evil" properties could become tourist attractions for the psychopaths of the world?

    Mexico-Watcher


    ReplyDelete
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    1. The permanent property of the Mexican government should be managed by REO specialists and turn profit, NEVER TO BE SOLD, unless there is an offer they can't refuse.

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  6. I'll bid for La Barbie ranch.
    Where? I, have dual nationality Mexican and American.

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    1. The house he was caught at was cool imo. I would buy it

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  7. So now that they got no buyers, what will happen to the properties???

    I presume the government will 'sell' them to someone well connected for nothing (since the auction has 'proved' that these properties have no value).

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    Replies
    1. Good point.
      Those that weren't sold were probably instructed not to by those.

      Delete
  8. Did they auctioned a small plane for my recreational? I like to buy one, I have $1000000 to spare.

    ReplyDelete
  9. Yeah, imagine buying a Beltran property and then have...

    - one of his numerous enemies show up to shoot the place up because he's so coked up he thinks the Beltrans are still there

    - another of his enemies show up to shoot the place up because he thinks if you bought it, you must be with the Beltrans

    - the Beltrans show up to shoot the place up because you disrespect their memories by being in there

    ReplyDelete

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