Fugitive Kingpin Stashed Billions in Secret Overseas Accounts, Former DEA Claims Dolia Estevez - Forbes
go to original December 6, 2013

When Mexican drug lord Rafael Caro Quintero ordered the kidnapping, torture and assassination of DEA agent Enrique Camarena in 1985, he was the leader of a billion dollar criminal empire, according to a former DEA agent. “Caro Quintero had billions of dollars stashed in secret bank accounts in Luxembourg and in Switzerland,” former DEA agent Hector Berrellez told me in a telephone interview. “The one in Luxembourg had $4 billion and the other one had even more.”

Berrellez claimed that he saw with his own eyes those accounts in electronic statements in 1995 while investigating the Mexican trafficker at the DEA headquarters. Berrellez retired in 1996. The U.S. government, he explained, was unable to seize the accounts because of the banking secrecy laws in those countries. He said the accounts were listed under the alien name that Caro Quintero, a major drug trafficker and fugitive from U.S. justice, used to do business with Mexican banks. “To my knowledge they were never confiscated,” Berrellez said.

DEA spokesperson Dawn Dearden could not confirm or deny reports about the alleged Luxembourg and Switzerland accounts.

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