Mexico will hold an auction in Los Pinos to sell confiscated narco properties

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Mexico will hold an auction in Los Pinos to sell confiscated narco properties

leChef
During the traditional morning at the National Palace, the official explained that the auction will start on Sunday, June 23 at 12:00 in Los Pinos and the sale of bases began last week.

The authorities expect to obtain 368.4 million pesos , which will be allocated to marginalized municipalities of the mountain of Guerrero.

"They are houses of high value organized crime and mainly organized crime and crimes against health," said Rodríguez Vargas.

He announced that the next auction will be for jewelery and the destination of the resources obtained will be for the program to combat addictions.

Source:
https://www.telediario.mx/nacional/proximo-domingo-subasta-de-terrenos-confiscados-al-narco
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

leChef
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

leChef
In reply to this post by leChef
One of the properties is where Arturo Beltrán Leyva died (check out the bullet holes in the video):
https://www.telediario.mx/metropoli/con-sangre-y-balazos-subastaran-departamento-donde-murio-arturo-beltran-leyva
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

Mica
In reply to this post by leChef
Nice find!
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

El_Bujo
In reply to this post by leChef
I wonder how many of these properties will simply end up back in Narco hands, or perhaps they will be “auctioned” off as gifts to compliant and corrupt officials?

It matters not how a man dies, but how he lives.
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

leChef
In reply to this post by leChef
Apparently they only got a total of 51.3 million pesos for the properties.
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

canadiana
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Re: Mexico will hold an auction in Los Pinos to sell confiscated narco properties

Lala
In reply to this post by El_Bujo
When it came out I took a look at one of the properties, the one where I live, just out of curiosity. It's a hookers bar/sex motel in the outskirts, and yeah, ok, large property, but it's not like it can be used for anything else without throwing some serious money at it, awful location for a normal hotel, and over 5 million pesos for a plot in that area is grossly overpriced. No idea if it got a buyer or not but it sure is a tricky one to sell unless it goes for the price of just the land where it sits. And if it reopens as the same kind of business we know it basically went back to narco hands.