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Assets Seized in Honduras

Millions in Assets Seized in Honduras With Links to Cachiros

Honduras authorities are believed to have seized property assets worth millions of dollars that are thought to be associated with the Cachiros network of drug traffickers, delivering yet another blow to the country’s criminal structure.

Security services in Honduras carried out over 10 raids, seizing 11 businesses and 131 properties and the entire value of all of the assets seized amounted to over 100 million lempiras.

Several individuals were also identified by the Attorney General’s Office who were linked to suspicious real estate and business transactions with Javier Rivera Maradiaga (the Cachiros’ leader who is jailed at the present time in the USA)’s wife, Marlene Isabel Cruz Quintanilla. One identified individual is Jessica Maria Paz Castellanos, who has allegedly developed a close relationship with the Cachiros’ leader and his wife as long ago as 2012.

Paz Castellanos has been described as the “brain” behind the network’s financial operations, and is thought to be behind the creation of several front companies which were launched to launder money earned from drug trafficking.

The seizure of these assets represent just a fraction of the property which the authorities in Honduras say they have seized over the last few years from the criminal network, which has not essentially become defunct since both of its leaders turned themselves into the heads of the American authorities two years ago.

These confiscations, however, are just one more sign that further investigations are being carried out into the Cachiros, and with these prominent political and business figures being named, it could be an indicator that a criminal charge may be made against these new suspects.

Anyone concerned about the implications of drug trafficking and any associated violence should consider seeking assistance from our security services in Honduras who can offer protection from gangs and criminal networks.

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