Mexican agency freezes Ahmsa's assets amid corruption probe

Mexican steel producer Altos Hornos de México (Ahmsa) had its banking accounts frozen by the local federal government on Monday May 27, amid a corruption probe in the country that also implicates a former executive of state-owned oil company Petróleos Mexicanos (Pemex).

The asset freeze was ordered following the identification of multiple domestic and international financial operations that were presumed to be connected to unlawful activities, Mexico’s intelligence agency for the ministry of economy, UIF, said on Monday. Ahmsa denies any wrongdoing in the case. “[Ahmsa’s operational continuity is hindered by] an unprecedented, arbitrary and in violation of...

Published

Renato Rostás

May 28, 2019

17:10 GMT

São Paulo