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To help fight COVID-19, Mexico is going to give away the mansions of 2 once-powerful drug kingpins


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Ciudad Juarez, MEXICO — The million-dollar houses of Joaquín “El Chapo” Guzmán, formerly boss of the Sinaloa Cartel, and Amado Carrillo Fuentes, deceased boss of the Juárez Cartel, will pay for COVID-19 vaccines for Mexicans.

Mexican government recently announced it will hold a “mega raffle” on September 15 with 22 prizes and a total value of $12.5 million, including the two former drug lords’ seized mansions.

President Andres Manuel Lopez Obrador said the money raised from the lottery will go “back to the people.”

“All of the money raised is going to be delivered to the people and help to buy [COVID-19] vaccines and medicines and to give away some scholarships” he said at his daily morning press conference on May 27.

The houses failed to sell when previously raffled by the Institute to Return Stolen Goods to the People, or Indep, which Lopez Obrador created to redistribute seized assets.

Carrillo Fuentes’ former residence is located in the exclusive Mexico City residential neighborhood of Jardines del Pedregal and is valued at about $4 million, according to Indep.

The property, seized more than 20 years ago, is over 32,000 square feet and has an indoor pool, nine bedrooms, several Jacuzzis and saunas, a wine cellar, and a party salon. According to the listing, Fuentes’ house is fully furnished.

El Chapo’s property is located in Culiacán, the capital of Sinaloa state on Mexico’s west coast and his cartel’s home turf. It was where Guzmán escaped arrest in February 2014 by using a secret tunnel under a bathtub. Public records don’t say if the tunnel is still there.

El Chapo’s house has two bedrooms, a living room, dining room, garage and a front garden, according to the public listing. Although more modest, it is valued at $200,000, a high price for Sinaloa’s real-estate market.

The lottery also includes a historic box at the Estadio Azteca, the iconic Mexico City stadium that holds over 87,500 people. The box has its own story: It is where then-President Miguel de la Madrid handed the World Cup trophy to Diego Maradona in 1986, crowning Argentina champion.

According to the listing, the stadium box is “in an excellent location” and has a 20-person capacity, a bathroom, and four parking spaces. The box is valued at $1 million and would be held until 2065.

In 2019, Mexico offered six other homes seized from Guzmán. Only three sold, bringing in a total of $227,844. One of them, the steel-enforced safe house where Guzmán sheltered after his first prison escape in 2001, went for $107,530.

The government held a similar raffle in September 2020 in which the top prize was the presidential jet, but the $130 million Boeing 787 Dreamliner failed to sell.

Lopez Obrador decided to hold another lottery where 100 winners would get $1 million in cash, but that also failed when only 30% of the tickets were sold. There have been no more attempts to sell the plane.

Drug lords’ mansions

Guzmán was one of the most notorious and elusive of Mexico’s drug …read more

Source:: Business Insider

      

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