Mexico auctions drug lords' properties to fund poor communities | Daily News

Mexico auctions drug lords' properties to fund poor communities

Luxurious properties seized from drug cartel leaders have been sold at auction in Mexico City.

Houses with swimming pools and escape tunnels, a large ranch and an apartment where a cartel leader was killed were all up for sale.

Mexico's President Andres Manuel López Obrador had pledged that profits from the auction would go towards those affected by drug gang violence.

But only nine of the 27 properties on offer actually sold.

According to Mexican media, the auction raised 56.6m pesos ($3m; £2.3m) of the 167m pesos predicted.

Mr López Obrador said that the money would help poor and marginalised communities in the violent state of Guerrero.


(sources: BBC News)


 

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