Mexican steelmaker AHMSA says accounts 'improperly' frozen by government
Reuters
Published May 27, 2019 05:48PM ET
Mexican steelmaker AHMSA says accounts 'improperly' frozen by government
MEXICO CITY (Reuters) - Altos Hornos de Mexico, one of Mexico's largest steelmakers, said on Monday that the Finance Ministry's Financial Intelligence Unit had "improperly" frozen its bank accounts.
AHMSA, as the steelmaker is known, said the move was "unprecedented, arbitrary and violated (its) rights" and said it would defend its rights.
The Finance Ministry declined to immediately comment on the matter.
AHMSA said it did not know why its bank accounts had been frozen, and "denied all responsibility regarding the improper acts attributed" to the firm.
Investigative news site Quinto Elemento Lab reported last August that AHMSA paid $3.7 million to a shell company allegedly set up by Brazil's scandal-hit builder Odebrecht.
The Financial Intelligence Unit, under the tutelage of Santiago Nieto, is looking to make good on President Andres Manuel Lopez Obrador's promise to clean up rampant corruption, money laundering and the financing of organized crime.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.