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Mexico auctions masterpiece luxury apartments, safe house to help finance poor communities



It's a buyer's market in Mexico for some high-end properties that come with a pig past.

The Mexican government on Sunday began auctioning out dozens of properties seized by drug trafficking and other criminals that included homes with swimming pools and escape tunnels and gang security houses.

The auction was the first time Mexico's Administration and Seizure of Assets Service conducted an on-site auction involving 27 parties, according to El Universal.

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Mexican President Andres Manuel López Obrador has promised that proceeds from the auction of properties and land, which had been seized by former governments would support marginalized communities in areas affected by drug abuse, according to Reuters.

  A woman offers an auction of seized property from drug trafficking and others in Mexico City, Mexico on June 23, 2019.

A woman offers an auction of seized traits from drug trafficking and others in Mexico City, Mexico on the 23rd. June 2019.
(REUTERS / Carlos Jasso)

"[Buyers] will know that in addition to acquiring a good, they will also do the good, that is, they will help those who need support because of the poverty situation and marginalization they suffer, "he said Friday.

  A man offers an auction of seized traits from drug trafficking and others in Mexico City, Mexico on June 23, 2019.

A man is bidding for a seized property auction from drug dealers and others in Mexico City, Mexico 23. June 2019.
(REUTERS / Carlos Jasso)

Among the auctions auctioned on Sunday included a ranch surrounded by acres of land and a luxury apartment where an unidentified cartel leader was killed and disposed of by his brothers.

But of the 27 vacant properties, only six actually sold on Sunday. Mexican media reported that the action also only increased 2.9 million. $ Of the 8.7 million. $ That was projected.

One of them included a home in Mexico City previously owned by the Beltran Leyva cartel, which went to $ 729,000, El Universal reported.

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  An auction assistant gesture during an auction of seized property from drug trafficking and others in Mexico City, Mexico June 23, 2019

An auction assistant gesture during an auction of seized property from drug trafficking and others in Mexico City, Mexico June 23, 2019
[19659000] (REUTERS / Carlos Jasso)

The auction of the properties comes a month after a similar event, where about $ 1.5 million was spent on the sale of homes and luxury cars by criminals, including Porsches and Lamborghini.

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The authorities said many more auctions would take place in the coming months to help poor areas across the country.

Last year, López Obrador has also promised to sell his presidential aircraft and other state vehicles to fund efforts to tackle violence and corruption.


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