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Mexico

'El Chapo's' Extradition Possible Gain for U.S. and Mexico

A recent United Nations Office on Drugs and Crime report stated that North America is responsible for about 40 percent of the cocaine market

"El Chapo" arrives in New York, photo: Cuartoscuro/PGR
By The News Whatsapp Twitter Facebook Share
7 months ago

Joaquín “El Chapo” Guzmán Loera’s extradition now takes on new meaning with the United States’ proposal to finance the border with funds from organized crime. The U.S. would have possession over all of Guzmán Loera’s property and wealth.

In Forbes Magazine, the fortune of “El Chapo” Guzmán Loera, was valued, up until a few years ago, at a billion dollars. He was considered one of the richest and most influential men in the world, along with Mexican moguls, Carlos Slim and Ricardo Salinas Pliego.

The international researcher Jorge Lara Rivera explained that although the United States has considered Guzmán Loera “public enemy number one,” he will benefit from some reduction of his penalty in exchange for information.

Lara Rivera said that not only is Guzmán Loera a valuable ally for combating organized crime and drug trafficking due to the amount of information he has, the United States will have Guzmán Loera give over all his bank accounts to the U.S. treasury.

He also explained that the Mexican government can negotiate this point so that Mexico can benefit from at least half of the value of his wealth.

A recent United Nations Office on Drugs and Crime report stated that North America (United States and Canada) is responsible for about 40 percent of the cocaine market. It is estimated that the international market for cocaine amounts to nearly $88 billion dollars.

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