Mexico’s attorney general has confirmed the arrest of Oceanografia chief executive Amado Yanez over the violation of banking laws, charging that the offshore oil services company and vessel charterer defrauded Citigroup’s Mexican arm Banamex of around $400m.
The Mexican government took over control of Oceanografia in February and launched an investigation into the company.
TradeWinds has recently reported the effects of Oceanografia’s high-profile collapse in relation to shipowners and related vessels.
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