Renowned Lawyer Juan Ramón Collado’s Hidden Fortune Seized in Andorra: Unraveling a Complex Network of Financial Schemes

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

Juan Ramón Collado, a renowned lawyer who has represented powerful 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 complicated 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 invested over half of his assets in Andorra in variable income funds and shares of prominent 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.

Despite his high-profile clients, Collado’s legal troubles have tarnished his reputation in both Mexico and Andorra. The ongoing investigations shed light on the intricate financial operations of a man once considered the lawyer of the Mexican elite.

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