Under New Law, Mexico Sees Few Proceedings to Seize Narco Assets Charles Parkinson - InSight Crime
go to original June 18, 2013

Mexico has initiated just 29 legal proceedings to reclaim assets linked to organized crime since a 2009 law provided prosecutors with new powers, calling the law's effectiveness into question.

The proceedings have targeted properties owned by renowned criminal groups such as the Beltan Leyva Organization (BLO), as well as the assets of former Tijuana Cartel boss Teodoro Garcia Simental, alias "El Teo," reports Excelsior.

So far only two properties have been successfully reclaimed by the state, each valued at over $235,000, as well as almost $70,000 in cash, while other legal proceedings remain ongoing.

The Federal Forfeiture Law allows for the confiscation of property directly owned by criminal groups and individuals, as well as assets used for criminal activity, as long as it can be proved that the asset owners were aware of the activity.

Read the rest at InSight Crime

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