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Mexico's Oceanografia CEO held for questioning

Monday, March 24, 2014

The chief executive of a major Mexican oilfield services company was held for questioning on Saturday in connection with a fraud investigation that forced Citigroup to cut its 2013 profit.

Amado Yanez, CEO and majority owner of Oceanografia, presented himself voluntarily for questioning, the attorney general's office said in a statement.

Mexico's government has taken control of Oceanografia and begun a criminal investigation.

Source: Reuters