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El Chapo's seized property...what sold at the auction

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Mica Borderland Beat Source

Yesterday some properties of the family of Joaquín “El Chapo” Guzmán were auctioned, including the house where Griselda López, mother of Ovidio Guzmán López, recently captured and subsequently released by federal forces.

However, said property, located on Cerro de las Siete Gotas # 642, in Culiacán, Sinaloa, was not sold. The Property Administration and Disposal Service (SAE) offered the house at an initial price of 11 million 224,446 pesos.

Although the director of the SAE said during the auction that the residence was “luxury”, for some reason it did not capture the interest of the attendees. Still, three other houses linked to the drug trafficker were sold during this last event organized by the government to finish off the properties of organized crime.

 

The house had no buyer, so it remains in the possession of the authorities

The three properties are located in Culiacán. One of them is in # 130 of Río Humaya street, in Guadalupe neighborhood, and was auctioned at 2 million 54,783 pesos.

The second house is located at # 1126 on Javier Mina Street, in the Los Pinos Section, and was sold for 1 million 240,000 pesos. The last property is located on Puerto de Veracruz street # 1647, in the El Vallado neighborhood, for which 1 million 64,767 pesos were paid. In total, 4 million 359,550 pesos were collected.

Three other houses linked to the former leader of the Sinaloa Cartel had no buyer.

 

During the auction, which lasted just over two hours, a farm associated to the Arellano Felix Brothers Cartel, located in Los Cabos, in Baja California Sur, was also sold. It was auctioned at 6 million 250,000 pesos. The sale of this house represented one of the biggest bids of the entire auction, along with a Mercedes Benz that was sold for a final amount of 810,000 pesos.

On November 1, President Andrés Manuel López Obrador announced this fifth exercise carried out at the Los Pinos Cultural Complex. “Buy something  good, to do something  good,” he said about it, and specified that the money would go to various children’s bands in Oaxaca.

The director of the Institute to Return the Stolen People, Ricardo Rodríguez Vargas, also invited the population to contribute to the auction, presuming that prices would be handled up to 20% below their value and in jewels up to 50% discount.

House was owned by Griselda López, [above left] ex-wife of Joaquín “El Chapo” Guzmán and mother of Ovid.



Source: http://www.borderlandbeat.com/2019/11/el-chapos-seized-propertywhat-sold-at.html



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