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==Alleged money laundering== |
==Alleged money laundering== |
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Revision as of 06:16, 22 June 2012
Antonio Castanon (or Toño Castañon; born March, (?) ) 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 $84 million USD 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. (2003). Historia de México, Volume 2. Pearson Educación. p. 562. ISBN 978-970-26-0356-6.
{{cite book}}: Unknown parameter|coauthors=ignored (|author=suggested) (help) - ^ http://www.gao.gov/archive/1999/os99001.pdf
- ^ http://www.amleurope.org/materials/reference_Materials/Switzerlands%2012-Year%20Probe%20of%20Salinas%20Wnds%20with%20$74%20Million%20Payment%20to.pdf
- Oppenheimer, Andres. Bordering on Chaos. New York: Little, Brown, 1996. ISBN 0-316-65095-1