Friday, November 28, 2025

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.
trucks blocking highway

Mega-blockades continue into their fourth day as their effects start to hurt

3
As of Wednesday, 22 states were affected, with blockades causing delays on highways including Mexico-Guadalajara, Mexico-Querétaro and Cuernavaca-Acapulco.
Raúl Rocha

Arrest warrant issued for Raúl Rocha, Miss Universe co-owner and president

2
Rocha is suspected of running a trafficking ring, and has multi-million-dollar contracts with Pemex, where Miss Universe winner Fátima Bosch's father is a high-ranking official.
The Rio Grande or Rio Bravo flows through Big Bend National Park in Texas

US blames Texas crop losses on Mexico’s missed water deliveries

3
Mexico still owes nearly half the water that it was treaty-bound to deliver between 2020 and 2025. As drought persists in northern Mexico, will it be able to catch up?
BETA Version - Powered by Perplexity