Mexican authorities issued an arrest warrant for the chief executive officer of Oceanografia SA, Amado Yanez, accusing him of participating in crimes at the oil services provider.… Continue Reading
Posts Tagged: Oceanografia
Citigroup said Wednesday it has fired a dozen employees in Mexico, including four senior executives, in connection with a $400 million fraud involving its Banamex unit.
An internal memo to employees from the bank’s chief executive, Michael Corbat, disclosed the terminations.… Continue Reading
Citigroup and its Mexican affiliate, Banamex, disclosed on Monday the receipt of grand jury subpoenas concerning the bank’s compliance with the Bank Secrecy Act and federal anti-money laundering requirements.
Citigroup said the bank and Banamex received subpoenas from the U.S.… Continue Reading
The Securities and Exchange Commission is reportedly investigating Citigroup for accounting fraud and possible violation of the Foreign Corrupt Practices Act following the bank’s disclosure of fraudulent loans in its Mexican unit.… Continue Reading