JammedUp News


Mexican government freeze Millions in assets linked to the Jalisco New Generation Cartel

May 11, 2016  |  Posted by: JammedUp Staff
Mexican government freeze Millions in assets linked to the Jalisco New Generation Cartel

Are you in a legal jam? Find a Lawyer, Bail Bondsman or Private Investigator on JammedUp.

Authorities in Mexico have seized millions of dollars of finances and assets, in an ongoing concerted effort to weaken the financial strength of the ultra-violent Jalisco New Generation Drug Cartel (CJNG).

In a statement released on Tuesday, the Mexican Attorney General’s Office (PGR) said the seizures stem from the arrests of nine key figures of the CJNG.

According to Proceso Magazine, those detained includes the two sons and two brothers of Nemesio Oseguera Cervantes, “El Mencho,” the infamous leader of this criminal organization and currently listed as the most wanted drug trafficker in the world.

According to the Deputy Attorney Specialized Investigation of Organized Crime (SEIDO), authorities confiscated 160 million in various assets linked to the CJNG.

Items listed among the confiscations include:

-34 real estate properties
-139 luxury vehicles
-$7 million worth of jewelry
-$2 million in ten different bank accounts
-$3 million in cash
-38 different exotic animals of various species.

According to SEIDO, the asset seizures were concentrated in the Mexican states of Jalisco, Colima, Michoacan and Veracruz.

Among the nine top members of the criminal organization, authorities have managed to successfully capture over the past 6 months include Rubén Oseguera, alias ‘El Menchito, the U.S. born son of ‘El Mencho.’ Also, Nazario Gonzalez Valencia, a member of Los Cuinis, the group led by Abagail Valencia, brother-in-law of Oseguera, identified by the U.S. Drug Enforcement Administration as the richest drug trafficker in the world and financial muscle behind the CJNG.

In the short span of five years, ‘El Mencho,’ has grown the CJNG from a regional group to a transnational criminal organization currently operating in 12 Mexican states and with an increased presence in the U.S.

And now the cartel leader has set his sights on the smuggling routes over the California border by making a move into Tijuana, which has sparked a violent turf war with the Sinaloa Cartel.

Experts consider Oseguera a more serious threat on the run than Joaquin “El Chapo” Guzman. Officials say the CJNG was behind the systematic executions of seven members of the municipal police in February and a failed assassination attempt again a local mayor in the state of Jalisco.

The criminal organization has also been implicated in the execution murder of Jose de Jesus Gallegos, Jalisco’s tourism minister, in Guadalajara back in 2013.

‘El Mencho’ displayed his brazen propensity for launching Guerilla-style attacks`against Mexican security forces in April 2015.

In April 2015, a series of attacks using high powered rocket-propelled grenades on federal police convoys killed 20 officers in Guadalajara and in May, members of even managed to shoot down a military helicopter using military grade rocket launchers.

The violent actions on the part of the CJNG have made capturing El Mencho the highest priority of the Mexican government while the U.S. Treasury Department has designated Oseguera Cervantes, a “Drug Kingpin”—and the State Department is offering up to $5 million for information leading to his capture and conviction.

Get the latest news from the world of crime