Back

LatinNews Daily - 29 May 2019

In brief: Mexico

* Mexico’s finance ministry’s financial intelligence unit (UIF) has frozen the bank accounts of the country’s largest steel maker Altos Hornos de México (AHMSA) after “multiple operations were identified in the domestic and international financial system that were carried out with resources that allegedly do not come from lawful activities and which are presumed to have derived from acts of corruption”. Since then, a judge has ordered the arrests of AHMSA CEO Alonso Ancira and Emilio Lozoya, a former CEO of Mexico’s state-owned oil firm Pemex, in relation to a corruption case involving Brazilian engineering firm Odebrecht and the sale of a fertiliser plant from AHMSA to Pemex for an inflated price. Ancira has reportedly already been detained in Spain on an international arrest warrant and is now expected to be taken to Mexico. 

End of preview - This article contains approximately 134 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.