HomeNewsBriefColombia Seizes $15 Mn in Assets Linked to Sinaloa Cartel
BRIEF

Colombia Seizes $15 Mn in Assets Linked to Sinaloa Cartel

COLOMBIA / 27 APR 2012 BY GEOFFREY RAMSEY EN

Colombia has seized an estimated $15 million in holdings belonging to a Sinaloa Cartel associate who authorities claim is closely linked to Joaquin ‘El Chapo’ Guzman, in an illustration of the Mexican group’s ties in the South American country.

On April 26, Colombian police announced that they had seized a total of 58 assets belonging to Pedro Antonio Bermudez Suaza, including 36 residences, 15 businesses, and 6 luxury cars. The assets were spread across the cities of Bogota, Cali and Medellin, as well as seven municipalities in the central Antioquia department.

Bermudez, a Colombian citizen, is described by officials as a “point man” for Guzman. He was arrested in 2008 and extradited to the United States in 2010, where he is allegedly cooperating with the authorities in their efforts against the Sinaloa Cartel. The operation was carried out by Colombian authorities in conjunction with the US Drug Enforcement Administration (DEA), and Bermudez is thought to have provided information that allowed them to locate the assets.

According to Colombian police official Jose Roberto Leon Riaño, the seizure was the second phase of a larger operation targeting Bermudez’s drug trafficking network.

InSight Crime Analysis

The Sinaloa Cartel has long been known to have close contacts in Colombia, and has recently been expanding its operations in the South American country. The cartel is thought to have a strong relationship with the Rastrojos, a neo-paramilitary group which operates in a third of Colombia’s 32 departments.

This is not Colombia’s largest seizure of assets linked to the Sinaloa Cartel. In September, Colombian police seized $250 million in assets belonging to a money laundering ring working for Guzman.

If Bermudez is indeed working with authorities, it could be a sign that Guzman’s Colombian contacts no longer see him as an untouchable figure. This would fit with the recent claims of the Mexican government, which has stated that Guzman’s days of freedom are numbered.

Compartir icon icon icon

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Related Content

JUAREZ CARTEL / 5 FEB 2012

The emergence of an aggressive new gang in Juarez has sparked a wave of attacks on local police, demonstrating just…

COLOMBIA / 26 APR 2013

Colombian police have destroyed 44 cocaine laboratories they say were part of an operation that brought together guerrilla groups the…

COLOMBIA / 25 OCT 2011

Colombia has seen 41 candidates killed in the run-up to the local elections, in an explosion of violence that…

About InSight Crime

THE ORGANIZATION

We Have Updated Our Website

4 FEB 2021

Welcome to our new home page. We have revamped the site to create a better display and reader experience.

THE ORGANIZATION

InSight Crime Events – Border Crime: The Northern Triangle and Tri-Border Area

ARGENTINA / 25 JAN 2021

Through several rounds of extensive field investigations, our researchers have analyzed and mapped out the main illicit economies and criminal groups present in 39 border departments spread across the six countries of study – the Northern Triangle trio of Guatemala, Honduras, and El…

BRIEF

InSight Crime’s ‘Memo Fantasma’ Investigation Wins Simón Bolívar National Journalism Prize

COLOMBIA / 20 NOV 2020

The staff at InSight Crime was awarded the prestigious Simón Bolívar national journalism prize in Colombia for its two-year investigation into the drug trafficker known as “Memo Fantasma,” which was…

ANALYSIS

InSight Crime – From Uncovering Organized Crime to Finding What Works

COLOMBIA / 12 NOV 2020

This project began 10 years ago as an effort to address a problem: the lack of daily coverage, investigative stories and analysis of organized crime in the Americas. …

ANALYSIS

InSight Crime – Ten Years of Investigating Organized Crime in the Americas

FEATURED / 2 NOV 2020

In early 2009, Steven Dudley was in Medellín, Colombia. His assignment: speak to a jailed paramilitary leader in the Itagui prison, just south of the city. Following his interview inside…