Mexican President launched "Robin Hood" Program to aid the poor

Mexican President Manuel Lopez Obrador launched "Robin Hood" Program to use millions of dollars in ill-gotten gains to aid the poor.

They call it "Robin Hood" Program and is easy to understand why: 600 lots consisting in more than 4,000 seized jewels, vehicles and residences,​ are to be auctioned and profits used to aid the poor.

Mexican President Andres Manuel Lopez Obrador announced at the press conference in the National Palace that the income from the sale of 4,578 seized jewels and luxury vehicles will be destined for the construction of roads in Nayarit and Guanajuato.

Since taking office last December, President Lopez Obrador, has rolled out a string of welfare programs for the poor and the elderly, cut salaries for top civil servants and said he is saving public money by eliminating corruption.

He announced plans for a “Robin Hood” institute and now he put Ricardo Rodriguez at the head of the newly created Institute to Return Stolen Goods to the People.

A 2017 report by the Organization for Economic Cooperation and Development noted that recent studies estimated Mexico lost between 5 and 9 percent of its gross domestic product (GDP) to corruption annually.