Mexican authorities have detained the chief executive of oil services company Oceanografia, which is at the center of a fraud probe involving Citigroup Inc’s local unit Banamex.
Amado Yanez was detained late on Monday, a government official told Reuters on condition of anonymity. It was unclear what charges he was facing.
Oceanografia was a top service provider to state-run oil giant Pemex over the past decade, winning billions of dollars in contracts. The company is now in bankruptcy proceedings.
Last week, Citigroup said it had uncovered a separate $15 million fraud at Banamex related to a security services company the bank operated. (Reporting by Anahi Rama and David Alire Garcia)
Mexican authorities have detained the chief executive of oil services company Oceanografia, which is at the center of a fraud probe involving Citigroup Inc's . . .
