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Criminal network defrauded Mexican treasury of over $691 million, prosecutors say
🇵🇾 Paraguay /Crime & Justice

Criminal network defrauded Mexican treasury of over $691 million, prosecutors say

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Mexico's Attorney General's Office reported that a criminal organization laundered 12 billion pesos (approximately $691 million) through financial operations and fake invoices.
  • The dismantled network, known as Del Caballito, operated through 15 shell companies across several Mexican states.
  • Authorities arrested eight individuals, including two alleged leaders, and seized assets including properties and cash in various currencies.

A criminal network dedicated to money laundering and invoice fraud defrauded Mexico's treasury of approximately $691 million, the Attorney General's Office (FGR) announced Monday. The FGR revealed that the "Del Caballito" network, dismantled last Friday, allegedly laundered the vast sum through illicit financial operations, primarily by falsifying invoices.

the criminal network Del Caballito, dismantled last Friday by federal authorities, would have laundered that amount of money through various illicit financial operations, mainly through the falsification of invoices.

— Ulises LaraThe special prosecutor in charge of investigating relevant matters and spokesperson for the FGR, Ulises Lara, explained the network's alleged activities during a press conference.

Federal authorities arrested two alleged leaders, identified as Maikol 'N' and Salvador 'N', and seized assets during the operation. Investigations revealed the group operated 15 shell companies and civil associations across Jalisco, Colima, Michoacán, Aguascalientes, Sinaloa, Sonora, and Quintana Roo. These entities served as fronts for their illegal activities.

they were identified as possible members of the criminal organization.

— Ulises LaraLara stated that six other individuals, four women and two men, were identified as possible members of the organization during the investigation.

During the operation, authorities issued arrest warrants for the leaders and six other individuals, including four women and two men, suspected of being part of the criminal organization. These individuals have been brought before a judicial authority. Their defense requested an extension for the preliminary hearing, which is now scheduled for a later date.

imputed to these individuals for their possible participation in the crime of issuing false tax receipts, the precautionary measure of mandatory preventive detention was obtained against them.

— Ulises LaraLara detailed the legal proceedings, noting that prosecutors charged the individuals with issuing false tax receipts, leading to their detention.

The FGR stated that the network was run by individuals who designed and marketed tax evasion schemes through their own firms. They offered real companies the issuance of invoices for non-existent operations. These "facturadoras" (invoicing companies) channeled funds to the benefiting companies' employees, creating a cycle to conceal the money's origin and avoid taxes. Seized assets include 21 properties, 14 vehicles, and cash in U.S. dollars, Mexican pesos, Japanese yen, British pounds, Peruvian soles, Euros, and Danish kroner.

were operated by people who designed and marketed tax evasion mechanisms through their own offices, offering real companies the issuance of invoices for false operations.

— Ulises LaraThe FGR spokesperson explained how the network facilitated tax evasion for other businesses.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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