Mexican security forces have seized 31 gold and silver-plated, diamond encrusted guns believed to belong to allies of the powerful Sinaloa drug gang, prosecutors said.
The weapons, including machine guns and assault rifles with sparkling grips, were also engraved with the words ‘Lobo Valencia’, a nickname for Oscar Orlando Nava Valencia, the alleged leader of the Valencia gang, the Attorney General’s office said in a statement. Security forces also found four shot guns, more than 700 cartridges and a small amount of marijuana, jewelry and documents containing Valencia’s name in a storage room in an apartment building in Zapopan, in western Jalisco state. Nava Valencia has worked with Joaquin ‘El Chapo’ Guzman, the fugitive leader of the Sinaloa gang who is Mexico’s most wanted man, the statement said.
US Secretary of State Hillary Clinton last year estimated that Mexico’s drug gangs make around $25 billion each year from smuggling drugs into the United States, but many experts believe the profits are much higher
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