Feeling the heat.
'Yes, there are warrants, but I won’t say who', Murillo Karam told reporters.
The fraud involved a politically connected marine oil services company, Oceanografía, which borrowed $585m short term from Banamex against contracts that it said it had with Pemex, Mexico’s state-owned oil monopoly. A Banamex investigation determined that $400m of those contracts did not exist only after Mexico’s federal comptroller barred Oceanografía from doing further business with the government.
The head of Oceanografía, Amado Yáñez Osuna, was arrested on Wednesday on fraud charges. Murillo Karam confirmed that his bail had been set at about $6.2m.
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