Aug 24, 2015

Ship Belonging to Government-Seized Mexican Oil Services Firm Reported Missing

Latin American Herald Tribune: A ship considered key to the financial restructuring of Mexican oil services firm Oceanografia, which the government seized last year after it allegedly defrauded U.S. financial giant Citigroup’s local unit out of hundreds of millions of dollars, has gone missing, a judge said.

“The vessel Caballo Maya has been taken from its place of storage, and its whereabouts is unknown,” Mexico City-based federal Judge Felipe Consuelo, who is presiding over Ciudad del Carmen, Mexico-based Oceanografia’s bankruptcy proceedings, said Thursday. Read more. 

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