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.” 

The agreement comes one week after Ayala filed two legal motions seeking an injunction against his soon-to-be ex-wife, alleging she withdrew $80 million from the bank account of his El Cartel Records “without authorization,” and $20 million from the bank account of another of his music companies, Los Cangris, according to court documents obtained by Billboard.

The filing by the reggaetón hitmaker was made in court in San Juan against González, her sister Ayeicha González Castellanos and El Cartel Records, a company founded by Yankee where González allegedly serves as CEO and González Castellanos serves as secretary/treasurer.

The legal battle comes just weeks after Daddy Yankee and González announced they were divorcing after nearly 30 years of marriage.