Prosecutor’s Office seizes 11 properties of Siegfried Reyes and his partner Byron Larrazábal for money laundering

In total, the value of the 30 properties that will go for the administration of Conab, more efficient than it can be about 2 million dollars.

Several assets of the former FMLN deputy, Sigfrido Othon Reyes Morales, his partner Byron Enrique Larrazábal Arévalo and another person identified as Vanesa Paredes Cartín, were intercepted by the General Prosecutor’s Office, FGR.

All three are linked to the crime of money laundering, embezzlement and illicit associations.

The 11 properties, including houses, farms and offices, in addition to others that were taken last month, are located in Chalatenango, San Salvador, La Libertad and on the beach of Costa del Sol, La Paz.

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The confiscation of these assets also affects the companies L&M Asociados SA de CV, which is related to Reyes Morales, and LUBBEX SA de CV related to Larrazábal Arévalo, explained the head of the Fiscalía Extinction Unit.

The materialization of the assets covered by the Law on the Extinction of the Field and, with them, would add 30 of those taken over from the former legislator, investigated together with Larrazábal and Paredes Cartín for the aforementioned crimes.

“These illicit associations have allowed both the acquisition and change of properties that had an illicit origin and also those affected has led to an unjustified increase in assets in illicit activities,” said the head of the Extinction Unit within the Prosecutor’s Office.

In total, the value of the 30 properties that will go under the administration of the National Council of Property Management (Conab), plus cash, which can be around 2 million dollars.

Reyes, who was president of the Legislative Assembly, is facing two lawsuits: one civil for alleged illicit enrichment and another of a criminal nature in which the Prosecutor’s Office charges him with money laundering.

Both Reyes and Larrazábal have arrest warrants.

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