HomeNewsBriefMexico: $500M Seized from Organized Crime
BRIEF

Mexico: $500M Seized from Organized Crime

MEXICO / 19 JUL 2011 BY RONAN GRAHAM EN

Mexico's government has said that a total of $502 million in cash has been seized from organized criminal groups during the Calderon administration.

The announcement follows a report some days previously that the Secretariat of Public Security (SSP) had seized $266 million from organized crime in this period. The new figure, almost twice as high, seems to include cash seized by the army and navy as well as by the police.

The reported amount far surpasses that recovered during previous administrations, representing a figure nine times greater than that achieved during the administration of Ernesto Zedillo, and over 10 times that of the figure seized during the the administration of Vicente Fox.

Mexico's Deputy Attorney General for Special Investigations on Organized Crime (SIEDO), Patricia Bugarin Gutierrez, who announced the figures, told a meeting of senators, congressmen, academics and human rights advocates that the efforts of Mexico’s security forces were dealing a financial blow to those involved in organized crime.

While the figures may sound impressive, as InSight Crime has previously reported, they represent only a small fraction of the $39 billion in illicit cash which is thought to enter Mexico annually from the drug trade.

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.

Tags

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

CONTRABAND / 18 JAN 2021

In 2021, the COVID-19 vaccine is liquid gold. As governments begin to roll out inoculation programs, criminal groups are taking…

DISPLACEMENT / 2 JUN 2021

The number of displaced people within Mexico has increased for the first time in three years, indicating that the country's…

ELITES AND CRIME / 12 MAY 2021

Time appears to be running out for the governor of the US-Mexico border state of Tamaulipas – after lawmakers stripped…

About InSight Crime

LA ORGANIZACIÓN

Extensive Coverage of our Chronicles of a Cartel Bodyguard

23 SEP 2022

Our recent investigation, A Cartel Bodyguard in Mexico’s 'Hot Land', has received extensive media coverage.

THE ORGANIZATION

InSight Crime, American University Host Illegal Fishing Panel

19 SEP 2022

InSight Crime and the Center for Latin American & Latino Studies (CLALS) at American University discussed the findings of a joint investigation on IUU fishing at a September 9 conference.

THE ORGANIZATION

Impact on the Media Landscape

9 SEP 2022

InSight Crime’s first investigation on the Dominican Republic made an immediate impact on the Dominican media landscape, with major news outlets republishing and reprinting our findings, including in …

THE ORGANIZATION

InSight Crime Sharpens Its Skills

2 SEP 2022

Last week, the InSight Crime team gathered for our annual retreat in Colombia, where we discussed our vision and strategy for the next 12 months.  During the week, we also learned how to…

THE ORGANIZATION

Colombia’s Fragile Path to Peace Begins to Take Shape

26 AUG 2022

InSight Crime is charting the progress of President Gustavo Petro’s agenda as he looks to revolutionize Colombia’s security policy, opening dialogue with guerrillas, reforming the military and police, and…