Sunday, July 24, 2011

Seizing Assets in Mexico City

As the AP reported earlier this year, the supposedly landmark federal asset-seizure law passed in 2009 has not been used once, evidently due to a procedural error that makes it so applying the law risks future criminal cases against the holders of the dirty assets. However, El Universal reports that the government of Mexico City has made some hay attacking the ill-gotten gains of capital city criminals, using their local seizure law to impound some $30 million of assets in 82 different cases.

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