HomeNewsBriefHonduras Seizes Millions More in Assets Linked to Cachiros
BRIEF

Honduras Seizes Millions More in Assets Linked to Cachiros

CACHIROS / 28 SEP 2017 BY MIKE LASUSA EN

Authorities in Honduras have reportedly seized millions of dollars worth of property linked to the Cachiros drug trafficking network, in the latest blow to the debilitated criminal structure.

Law enforcement carried out nearly a dozen raids, seizing 131 properties and 11 businesses, the Honduran Attorney General's Office announced in a September 25 press release. According to La Tribuna, the total value of the seized assets surpassed 100 million lempiras ($4.2 million).

In addition, the Attorney General's Office identified several individuals tied to suspicious business and real estate transactions with Marlene Isabel Cruz Quintanilla, the wife of Cachiros leader Javier Rivera Maradiaga, who is currently jailed in the United States.

One of these figures was Jessica María Paz Castellanos, who reportedly grew close with Rivera Maradiaga and his wife after meeting them in 2012.

La Prensa described Paz Castellanos as the "brain" of the Cachiros' finanacial operations. She is suspected of creating a number of front companies to help launder the group's drug earnings.

The Attorney General's Office also said that investigations had uncovered suspicious transactions linked to businessman Juan Ángel Maradiaga López and current congressional representative Midence Oquely Martínez, who is running for re-election in the Cachiros' former stronghold of the department of Colón.

InSight Crime Analysis

The latest asset seizures represent only a drop in the bucket of the more than $800 million in property that Honduran authorities claim to have seized in recent years from the Cachiros, which became essentially defunct as a criminal organization after its leaders -- brothers Javier and Devis Leonel Rivera Maradiaga -- turned themselves over to US authorities in 2015.

SEE ALSO: Cachiros News and Profiles

However, the confiscations are a sign that investigations into the Cachiros' network are continuing, and the naming of prominent business and political figures could be a sign that criminal charges could be brought against new suspects in the future. Indeed, testimony provided by Javier Rivera Maradiaga in connection with his pleading guilty to US drug charges has implicated a number of Honduran elites in colluding with the criminal organization he ran.

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

HONDURAS / 8 SEP 2012

Honduras announced it had destroyed 51 airstrips used for drug trafficking flights in recent months, underscoring the country's importance as…

COVID AND CRIME / 17 JUL 2020

An audit of a Honduran agency charged with procuring emergency medical supplies to fight the coronavirus has found tens of…

EL SALVADOR / 19 MAR 2018

In just under two months, the president of Guatemala will appoint a new attorney general. Before the end of the…

About InSight Crime

THE ORGANIZATION

Venezuela Drug Trafficking Investigation and InDepth Gender Coverage

29 APR 2022

On May 4, InSight Crime will be publishing The Cocaine Revolution in Venezuela, a groundbreaking investigation into how the Venezuelan government regulates the cocaine trade in the country. An accompanying event,…

THE ORGANIZATION

InDepth Coverage of Juan Orlando Hernández

22 APR 2022

Ever since Juan Orlando Hernández was elected president of Honduras in 2014, InSight Crime has provided coverage of every twist and turn during his rollercoaster time in office, amid growing…

THE ORGANIZATION

Venezuela's Cocaine Revolution

15 APR 2022

On May 4th, InSight Crime will publish a groundbreaking investigation on drug trafficking in Venezuela. A product of three years of field research across the country, the study uncovers cocaine production in…

LA ORGANIZACIÓN

Widespread Coverage of InSight Crime MS13 Investigation

8 APR 2022

In a joint investigation with La Prensa Gráfica, InSight Crime recently revealed that four of the MS13’s foremost leaders had been quietly released from…

THE ORGANIZATION

Informing US State Department and European Union

1 APR 2022

InSight Crime Co-director McDermott briefed the US State Department and other international players on the presence of Colombian guerrillas in Venezuela and the implication this has for both nations.  McDermott…