Business

Mexico auctions narco safe houses, ranches and luxury flats with grisly histories

Reuters

Houses with swimming pools and escape tunnels, a ranch surrounded by hectares of land and a luxury apartment with a grisly history were among the 27 properties Mexico had seized from drug traffickers and others were auctioned on Sunday.

Mexican President Andres Manuel Lopez Obrador promised that the proceeds from the auction of properties and land, which had been seized by previous governments, would go to aid marginalized communities in the poor and violent state of Guerrero.

The apartments auctioned on Sunday include one of a cartel leader who was killed there and disposed of by his brothers.

In one of his first acts in office, Lopez Obrador enforced an austerity plan that included selling the presidential plane and other government-owned vehicles, and dismissed the presidential guard tasked with protecting the president.

Mexican authorities said that in the coming months there would be more such events. In a similar auction at the end of May, Mexican authorities raised $1.5 million from the sales of a Lamborghini and other assets seized from criminals and at least one former politician.

GET THE BEST OF THE JAPAN TIMES
IN FIVE EASY PIECES WITH TAKE 5