International Herald Tribune Americas

Subscribe to the newspaper
Find out more >>
Remove all clippings Remove all read clippings

Mexico: World's largest drug cash seizure is larger than originally announced

MEXICO CITY: The world's largest drug cash seizure just got bigger.

In a news release sent out Thursday, the Mexican federal Attorney General's office said a new count of the Mexican pesos seized in a luxury home in Mexico City found 17.3 million pesos — not the 157,500 originally reported — a difference worth about US$1.5 million (€1.12 million).

There was no explanation for the large discrepancy.

The new figure brought the total amount of cash seized in the home to more than US$207 million (€155.04 million.) That includes 205.6 million in U.S. dollars, 200,000 in euros and the pesos.

Officials also said the main suspect, a Chinese man with Mexican citizenship, was also wanted by Interpol on drug charges. Prosecutors say Zhenli Ye Gon ran one of the hemisphere's largest networks for trafficking pseudoephedrine, the main ingredient in methamphetamines.

He allegedly used the front company, Unimed Pharm Chem de Mexico SA, to import large quantities of the ingredients needed to make methamphetamines from India and Germany.

Federal agents seized the cash, eight luxury vehicles, seven weapons and a machine to make pills during a raid last week at a house in Lomas de Chapultepec, a neighborhood of walled compounds that is home to ambassadors and business magnates. Seven people were arrested.

The money was hidden in walls, closets and suitcases.

Since the U.S. cracked down on the mass sale of cold medicines used to make methamphetamines, Mexico has become one of the world's largest producers of the synthetic drug.

Back to top
Home  >  Americas

Most E-Mailed Articles

Last 24 Hours
Last 7 Days
Last 30 Days

AudioNews: on the go

Listen to IHT articles on your computer, and create custom podcasts for your portable music player. Try it now.
IHT Subscriptions
Sign Up  |  Manage
More Features
Top Ten Articles

  Site Feedback | Terms of Use | Contributor Policy | Site Map
About the IHT | Privacy & Cookies | Contact the IHT   
Copyright © 2007 the International Herald Tribune All rights reserved   IHT