López Obrador will go after El Chapo’s assets; ‘they belong to Mexico’

President López Obrador will seek to seize the assets of former drug lord Joaquín “El Chapo” Guzmán, although some United States lawmakers have already got their eyes on the loot.

A United States federal judge sentenced Guzmán to life in prison plus 30 years yesterday and ordered him to pay US $12.6 billion in reparation. The amount is the estimated value of the drugs he was accused of smuggling into the U.S.

López Obrador said today that he believed the money rightfully belonged to Mexico.

“I believe that everything confiscated that has to do with Mexico should be returned to Mexico, to the Mexican people, and I believe that the United States government is going to agree to turn [it] over . . . but we have to go through the process, because I don’t remember another time when [the Mexican government] has asked for resources to be returned.”

The president said that while previous administrations had never asked for the return of confiscated drug money, the possibility had been brought to his attention by Guzmán’s lawyer, José Luis González Meza.

“I listened to El Chapo’s lawyer, and he said something interesting: that the confiscated money legally belonged to Mexico in any case. And we will be looking into the matter. I agree with what El Chapo’s lawyer said, and we’re going to look into it.”

But some U.S. congressmen, including Texas Senator Ted Cruz and Nebraska Senator Ben Sasse have other ideas. They say the money should be used to fund President Trump’s border wall.

López Obrador said he did not expect the amount to be as large as estimated.

“Before they said that [he] was one of the richest [people] in the world, but I don’t believe that actually coincided with reality. They inflated the numbers when in reality there were other traffickers with much more money, but they inflated them for political reasons or for publicity. Now we need to look at his wealth seriously and honestly.”

Foreign Secretary Marcelo Ebrard has been given the task of recuperating the former drug trafficker’s fortune, whatever it’s worth.

Source: Milenio (sp), El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Manzanillo, Colima, México, 13 de marzo de 2026. La doctora Claudia Sheinbaum Pardo, presidenta Constitucional de los Estados Unidos Mexicanos en conferencia de prensa matutina, “Conferencia del Pueblo” desde Colima. La acompañan Indira Vizcaíno Silva, gobernadora Constitucional del Estado de Colima; Omar García Harfuch, secretario de Seguridad y Protección Ciudadana (SSPC); Raymundo Pedro Morales Ángeles, secretario de Marina (Semar); Bulmaro Juárez Pérez, divulgador de lenguas originarias, presentador de la sección “Suave Patria”; Ricardo Trevilla Trejo, secretario de la Defensa Nacional (Sedena); Jesús Antonio Esteva Medina, secretario de Infraestructura, Comunicaciones y Transportes; Bryant Alejandro García Ramírez, fiscal general del Estado de Colima; Fabián Ricardo Gómez Calcáneo; Rocío Bárcena Molina, subsecretaria de Desarrollo Democrático, Participación Social y Asuntos Religiosos de la Secretaría de Gobernación; Efraín Morales López, director general de la Comisión Nacional del Agua (Conagua); Marcela Figueroa Franco, secretaria ejecutiva del Sistema Nacional de Seguridad Pública (SESNSP) y Guillermo Briseño Lobera, comandante de la Guardia Nacional (GN). Foto: Saúl López / Presidencia

Mexico’s week in review: Congress deals Sheinbaum her first legislative defeat

0
The week of March 9 in Mexico was marked by standoffs between allies in Congress and adversaries at the airport. Here's what you missed.
A soldier displays seized handguns

The US and Mexico, growing together and growing apart: A perspective from our CEO

1
From a historic drop in homicides to opposite bets on electric vehicles, Mexico News Daily's CEO breaks down where the U.S. and Mexico are converging — and where they're not.
Veracruz Gov.

Veracruz governor blames private vessel for 200-kilometer Gulf Coast oil spill

1
The spill, which has spread to over 200 kilometers of Mexico's Gulf Coast beaches, has been traced to a private oil tanker off the coast of Tabasco.
BETA Version - Powered by Perplexity