Bermuda Account: Ex-Mexico Governor Accused
In a case that highlights the continued problem of corruption in Mexican government, American authorities have asked a federal judge to seize the assets of former Mexican state governor Jorge Torres, acquired by laundering stolen funds via bank accounts in both Texas and Bermuda.
A positive ruling from the judge would give authorities the ability to access the Bermudian bank accounts where those assets, totaling more than $2.8 million, are now located.
Reuters reports that Torres, while serving as finance secretary of Coahuila and mayor of the state capital Saltillo in 2008, is accused of colluding with another local government official to funnel millions of dollars in illicit funds from bank accounts in Texas to others in Bermuda.
The alleged accomplice, Hector Javier Villarreal, replaced Torres as finance secretary later that year; he is also accused of defrauding the Mexican state of millions of dollars. Both men have denied the allegations.
The case highlights the the continued charges of extreme corruption being leveled against members of Mexico’s ruling Institutional Revolutionary Party [PRI], in power for more than 70 years before finally being replaced in 2000. The PRI did return to power last year after Enrique Pena Nieto won an election victory as Mexico’s president, but he has promised to increase transparency and end the corruption that has plagued the party.
and as soon as the local bank can sell some of their stock of foreclosed real estate Mexico can have their money back. In the meantime the banks are struggling to stay afloat.
…….. the banks are struggling to stay afloat.
DONT type Bull****.