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OHL Mexico fined over accounting practices

Tuesday, March 29, 2016

Mexico’s financial watchdog slapped close to $3.5 million in fines on toll-road operator OHL Mexico and two of its units over accounting practices that boosted its income and asset valuations.

OHL Mexico said in a news release Monday that Mexico’s Banking and Securities Commission also ordered it to submit a restatement proposal as part of its probe into the company’s alleged accounting irregularities.

Source: Wall Street Journal