Daddy Yankee & Estranged Wife Reach Partial Agreement Over Alleged Unauthorized Withdrawals

Daddy Yankee and his estranged wife Mireddys González reached a partial agreement in their first court hearing on Friday (Dec. 20) over his allegations that she withdrew $100 million in funds from two of his companies without authorization.

Following private negotiations, both parties agreed that the artist born Ramón Luis Ayala Rodríguez will regain the presidency of his companies El Cartel Records and Los Cangris, it was announced during the hearing. It was also established that for a period of 30 days — while a plan for the management of the companies is developed — $75 million of the corporate accounts will remain untouchable. The remaining money is allowed to be used with the condition that both parties approve any transaction over $100,000.

The hearing, which took place in San Juan, Puerto Rico, was first reported by Metro.

The transition, to be completed on Dec. 26, will include the delivery of documents and other relevant materials. Yankee also agreed to submit monthly reports on all corporate financial and administrative matters. 

“I have always respected Mrs. Gonzalez, and I ask that you respect her as well,” the artist briefly told the press following the hearing. “It was a very harmonious process. You know the process of faith that I am in. It’s the best thing for the family…that we were able to achieve things in good faith. All of this that is happening is for a greater purpose. I am sure of whom I serve, and I am sure that all things will go well.”