Slim’s América Móvil audits Guatemala unit amid graft concerns

Mexican billionaire Carlos Slim's America Movil said on Monday it was auditing its Guatemalan unit after an investigation in the country raised questions about payments made by a former executive at the telecoms company.

Guatemalan police on Friday arrested 17 people on suspicion of involvement in a corruption racket allegedly directed by the country's former communications minister, Alejandro Sinibaldi, who has been on the run since June 2016.

During the probe by a United Nations-backed anti-corruption body in Guatemala known as the CICIG, investigators found evidence of payments from Telgua, a subsidiary of America Movil, in Sinibaldi's account.

Source: Reuters