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Nayarit Recovers 9.62 Million Square Meters of Riviera Land in Joint Anti-Corruption Operation

Officials say the assets will be parked in sovereign and pension funds to secure them for investment in public works.

Overview

  • State and federal prosecutors reported reclaiming roughly 9.62 million square meters of coastal property, or about 92–93% of their target, in Bahía de Banderas and Compostela.
  • Courts authorized the securing of 359 bank accounts holding 7,213,050,746 pesos tied to the alleged scheme run through the Bahía de Banderas trust (FIBBA).
  • Authorities said former governor Roberto Sandoval remains in preventive detention, while an arrest order and Interpol Red Notice target former governor Ney González for suspected money laundering.
  • Officials cited contract rescissions, judicial settlements and reparatory agreements that returned properties and about 500 million pesos in cash, with many rulings now final.
  • Recovered holdings are being consolidated in the Fondo Soberano Nuevo Nayarit and a pension savings vehicle, with returns earmarked for infrastructure and workers’ retirement under a mixed investment model valued near 50 billion pesos.