Politics · Mexico · 22 hrs ago
Amílcar Olán reportedly left Switzerland for Dubai and Eastern Europe
Jorge Amílcar Olán reportedly left Switzerland for Dubai, then traveled to an unnamed country in Eastern Europe after his home in Lugano was identified in late September.
Olán is a Mexican businessman linked to Andrés Manuel López Beltrán, the son of former president Andrés Manuel López Obrador.
A columnist says Olán is moving with 3 billion pesos, most of which the columnist says does not belong to him.
The columnist says Mexico’s attorney general’s office and financial intelligence unit have at least two investigations involving Olán, despite public denials that he is being investigated.
One inquiry concerns a 1.4 billion-peso transfer by his sister, while another examines links to six companies and possible money laundering and political campaign financing in Baja California Sur.
Authorities are also trying to determine whether the companies were used to move money from the Sinaloa Cartel.
The columnist says Olán has spoken with US officials, who are seeking formal statements that could be used in legal proceedings; his current location remains unconfirmed.
Jorge Amílcar Olán reportedly left Switzerland for Dubai after his residence in Lugano was publicized, then returned to Eastern Europe.
Reports say Olán had lived in Switzerland for almost a year before a TV Azteca investigation revealed where he was staying in late September.
The reports say he is carrying 3 billion pesos, most of which does not belong to him.
El Financiero columnist Raymundo Riva Palacio reported that Mexico’s Attorney General’s Office and Financial Intelligence Unit have at least two investigations related to Olán.
The reports link one inquiry to a 1.4 billion-peso transfer by Olán’s sister and another to companies allegedly used to launder money.
- Who
- Jorge Amílcar Olán, a businessman reported to be linked to Andrés López Beltrán.
- What
- He reportedly left Switzerland for Dubai and then traveled to Eastern Europe. Reports say he is carrying 3 billion pesos, most of which is not his.
- When
- After his residence was publicized in late September. The reports were published on October 12, 2026.
- Where
- Lugano, Switzerland; Dubai; and an unnamed country in Eastern Europe.
- Why
- The reports say his residence in Switzerland was exposed. They do not state why he then traveled to Eastern Europe.
This story does not have two clearly opposing sides.
Olán was reportedly living in Switzerland.
TV Azteca publicized the location of Olán’s residence in Lugano.
Olán reportedly traveled to Dubai and then returned to Eastern Europe.
El Financiero and PolíticoMX published reports on Olán’s reported movements and investigations.
- Reported funds
- 3 billion pesos, most of which reports say does not belong to Olán
- Reported transfer
- 1.4 billion pesos by his sister, Gina Olán
- Switzerland residence
- Lugano
- Reported route
- Switzerland to Dubai, then Eastern Europe
- Investigating agencies
- Mexico’s Attorney General’s Office and Financial Intelligence Unit
What people are saying
está corriendo con tres mil millones de pesos que no son suyos en su mayoría, por varios países.
Tuvo más miedo a los dueños de su dinero que a nosotros
Sources
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