Antonio Castañón: Difference between revisions
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==Alleged money laundering== |
==Alleged money laundering== |
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In November, 1995, Antonio Castañon and [[Paulina Castañon]], Raúl Salinas's wife, were arrested in [[Geneva]], [[Switzerland]] after attempting to withdraw $84 million |
In November, 1995, Antonio Castañon and [[Paulina Castañon]], Raúl Salinas's wife, were arrested in [[Geneva]], [[Switzerland]] after attempting to withdraw US$84 million from an account owned by Raúl Salinas de Gortari, brother of Mexican President Carlos Salinas de Gortari.<ref>{{cite book |title=Historia de México, Volume 2 |last=Delgado de Cantú |first=Gloria M. |author2=Rosa Guadalupe Pérez Rangel |page=562 |year=2003 |publisher=[[Pearson Educación]] |isbn=978-970-26-0356-6 }}</ref> Their capture led to the unveiling of a vast family fortune spread around the world amounting to hundreds of millions of dollars. A report by the U.S. [[General Accounting Office]] indicated that over $90 million were transferred out of Mexico and into private bank accounts in Switzerland and London, through a complex set of transactions between 1992 and 1994, using a private investment company named [[Trocca]], all with the help of [[Citibank]] and its affiliates.<ref>{{cite web |url=http://www.gao.gov/archive/1999/os99001.pdf |title=GAO Report |date=October 1998 |website=www.gao.gov |access-date=2010-10-16 |archive-date=2012-08-21 |archive-url=https://web.archive.org/web/20120821131638/http://www.gao.gov/archive/1999/os99001.pdf |url-status=dead }}</ref> In 2008, the government of Switzerland turned over $74 million, out of the $110 million in frozen bank accounts held by [[Trocca]] to the government of Mexico. The Swiss Justice Ministry indicated that the Mexican government had demonstrated that $66 million of the funds had been misappropriated, and the funds, with interest, were returned to Mexico. The bank accounts were held at [[Pictet & Cie]], Citibank Zurich, [[Julius Baer]] Bank, and [[Banque privée Edmond de Rothschild]] in Geneva and Zurich.<ref>[http://www.amleurope.org/materials/reference_Materials/Switzerlands%2012-Year%20Probe%20of%20Salinas%20Wnds%20with%20$74%20Million%20Payment%20to.pdf]{{dead link|date=July 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Other funds were returned to third parties, including Mexican billionaire Carlos Peralta Quintero, who had given the funds to set up the investment company. Antonio and Paulina Castañon were released a couple weeks after the arrest. |
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==References== |
==References== |
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Revision as of 05:39, 8 August 2022
Antonio Castanon (or Toño Castañon) is a Mexican businessman.
Alleged money laundering
In November, 1995, Antonio Castañon and Paulina Castañon, Raúl Salinas's wife, were arrested in Geneva, Switzerland after attempting to withdraw US$84 million from an account owned by Raúl Salinas de Gortari, brother of Mexican President Carlos Salinas de Gortari.[1] Their capture led to the unveiling of a vast family fortune spread around the world amounting to hundreds of millions of dollars. A report by the U.S. General Accounting Office indicated that over $90 million were transferred out of Mexico and into private bank accounts in Switzerland and London, through a complex set of transactions between 1992 and 1994, using a private investment company named Trocca, all with the help of Citibank and its affiliates.[2] In 2008, the government of Switzerland turned over $74 million, out of the $110 million in frozen bank accounts held by Trocca to the government of Mexico. The Swiss Justice Ministry indicated that the Mexican government had demonstrated that $66 million of the funds had been misappropriated, and the funds, with interest, were returned to Mexico. The bank accounts were held at Pictet & Cie, Citibank Zurich, Julius Baer Bank, and Banque privée Edmond de Rothschild in Geneva and Zurich.[3] Other funds were returned to third parties, including Mexican billionaire Carlos Peralta Quintero, who had given the funds to set up the investment company. Antonio and Paulina Castañon were released a couple weeks after the arrest.
References
- ^ Delgado de Cantú, Gloria M.; Rosa Guadalupe Pérez Rangel (2003). Historia de México, Volume 2. Pearson Educación. p. 562. ISBN 978-970-26-0356-6.
- ^ "GAO Report" (PDF). www.gao.gov. October 1998. Archived from the original (PDF) on 2012-08-21. Retrieved 2010-10-16.
- ^ [1][permanent dead link]
Bibliography
- Oppenheimer, Andres. Bordering on Chaos. New York: Little, Brown, 1996. ISBN 0-316-65095-1