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.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

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.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

COLOMBIA / 25 MAY 2018

Seuxis Paucis Hernández Solarte, alias “Jesús Santrich,” is the name on everyone’s lips, the cornerstone of Colombia’s rocky peace process.

AUC / 8 AUG 2012

As the El Salvadoran gang truce offers hope that it could transform into something more lasting, InSight Crime looks at…

COLOMBIA / 4 SEP 2012

A rap video released by Colombian guerrilla group the FARC expresses a defiant position towards the peace talks set…

About InSight Crime

THE ORGANIZATION

InSight Crime Tackles Illegal Fishing

15 OCT 2021

In October, InSight Crime and American University’s Center for Latin American and Latino Studies (CLALS) began a year-long project on illegal, unreported, unregulated (IUU) fishing in…

THE ORGANIZATION

InSight Crime Featured in Handbook for Reporting on Organized Crime

8 OCT 2021

In late September, the Global Investigative Journalism Network (GIJN) published an excerpt of its forthcoming guide on reporting organized crime in Indonesia.

THE ORGANIZATION

Probing Organized Crime in Haiti

1 OCT 2021

InSight Crime has made it a priority to investigate organized crime in Haiti, where an impotent state is reeling after the July assassination of President Jovenel Moïse, coupled with an…

THE ORGANIZATION

Emergency First Aid in Hostile Environments

24 SEP 2021

At InSight Crime's annual treat, we ramped up hostile environment and emergency first aid training for our 40-member staff, many of whom conduct on-the-ground investigations in dangerous corners of the region.

THE ORGANIZATION

Series on Environmental Crime in the Amazon Generates Headlines

17 SEP 2021

InSight Crime and the Igarapé Institute have been delighted at the response to our joint investigation into environmental crimes in the Colombian Amazon. Coverage of our chapters dedicated to illegal mining…