© Reuters. The logo of Mexican steelmaker Altos Hornos de Mexico is seen in Monclova

MEXICO CITY (Reuters) – Altos Hornos de Mexico, one of Mexico’s largest steelmakers, said on Monday that the Finance Ministry’s Financial Intelligence Unit had “improperly” frozen its bank accounts.

AHMSA, as the steelmaker is known, said the move was “unprecedented, arbitrary and violated (its) rights” and said it would defend its rights.

The Finance Ministry declined to immediately comment on the matter.

AHMSA said it did not know why its bank accounts had been frozen, and “denied all responsibility regarding the improper acts attributed” to the firm.

Investigative news site Quinto Elemento Lab reported last August that AHMSA paid $3.7 million to a shell company allegedly set up by Brazil’s scandal-hit builder Odebrecht.

The Financial Intelligence Unit, under the tutelage of Santiago Nieto, is looking to make good on President Andres Manuel Lopez Obrador’s promise to clean up rampant corruption, money laundering and the financing of organized crime.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link