Saturday, March 08, 2014

Mexico Grabs White Cocks

No, seriously:

MEXICO CITY (Reuters) - Mexico's government will take control of first division soccer club Gallos Blancos de Querétaro, whose owner is the chief executive of a company at the center of a money-laundering probe involving Citigroup's Mexican subsidiary, a high-ranking government official said on Tuesday.

Mexican authorities are investigating oil services company Oceanografia after Citigroup said on Friday it had discovered at least $400 million in fraudulent loans at its Mexican subsidiary, Banamex.

Banamex made the loans to Oceanografia on the basis of payments due for services provided to Mexican state-owned oil company Pemex. The Mexican government has said it is investigating Oceanografia for money laundering.

The chief executive of Oceanografia is the owner of the Gallos Blancos.

More detailed backstory on the Oceanografia scandal here. Good times.

2 comments:

Rufus said...

I got nervous when I saw Mexico grabs Gallos Blancos de Querétaro but after reading it through I saw it wasn't you that pissed them off.

What happened to Franci O, miss the bugger.

Burro Hall said...

Oh, there's news coming on that front...