Zhenli Ye Gon’s seized, infamous ‘Palace’, auctioned Sunday

Latin America World

Chivis Martinez Borderland Beat from Reforma

Zhenli failed at attempts to stop the sale

The house that belonged to the Chinese-Mexican businessman Zhenli Ye Gon, where 205.5 million dollars were found in cash in March 2007, is auctioned this Sunday by the Administration and Disposal Service of Goods (SAE).
The starting price of this property located in Sierra Madre 515, Colonia Lomas de Chapultepec, Mayor Miguel Hidalgo, will be 95,483.510 million pesos, although the federal government seeks to raise up to 150 million pesos for its sale.
A portion of the money discovered in Ze Gon’s Mansion

This property, which was declared abandoned since November 2007 after Ye Gon did not claim it within the legal deadline, will be one of the 25 properties that the SAE will auction at the Los Pinos Cultural Complex.

Proceeds go to athletes
The money resulting from the eventual sale of the luxurious mansion of more than 1,500 square meters will serve to finance a support of 240 thousand pesos for each of the more than 500 athletes that make up the Pan American delegation.
It is the fourth public exercise of this kind that the SAE conducts. SAE Previously auctioning off vehicles, houses and jewels seized from organized crime.
Other properties that will be auctioned are an urban land of 26.2 million pesos in Mexicali, Baja California; a house of 15.3 million pesos in Los Cabos; and a warehouse of 21.4 million pesos in Ciudad Juárez, Chihuahua.
Also a rural land of 13.3 million pesos in San Juan del Río, Querétaro; an urban land of 6.9 million pesos in San Luis Potosí; as well as lower priced goods such as an urban land in Gómez Farías, Jalisco, of 105 thousand pesos.
Zhenli Ye Gon filed an amparo lawsuit with to prevent the auction of his house , however, a federal judge refused to suspend any act carried out by the authority.
The house was seized on March 15, 2007 with more than 205 million dollars in cash.
Zhenli fled to the U.S. from which he was extradited back to Mexico after a long legal battle.
He remains in Altiplano prison number 1 in the state of mexico.
Below is a video of mansion as it exists after years of neglect
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