Mexico Takes Over Oceanografia After Citigroup Alleges Fraud
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Mexico’s government took control of Oceanografia SA after Citigroup Inc. alleged fraud on loans to the oil-services company and requested an investigation, Attorney General Jesus Murillo Karam said.
State-owned oil producer Petroleos Mexicanos, known as Pemex, found inconsistencies in how Oceanografia billed, Murillo said today at a press conference in Mexico City.