OHL Mexico Board Backs Management, Ratifies Legal Officer

Board met in extraordinary meeting on Friday.

  • Board convinced that tapped phone calls released on YouTube are a “smear campaign orchestrated against the company”
  • Co. says audits have shown recordings are an attempt to discredit it
  • Board ratified CEO’s role/authority
  • Chief Legal Officer Gerardo Fernandez to remain in post; will be isolated from corresponding judicial inquiries
    • Judges’ declarations show no payment was made and legal proceedings were contracted to external legal firms: OHL Mexico
  • NOTE: May 26, OHL Mexico Executives Discussed Paying Judges, New Video Alleges Link
  • OHL Mexico hires law firm of “recognized prestige in Mexico” to carry out investigation on latest leaked phone call
  • CEO ordered investigation and legal proceedings against “authors of the campaign” to discredit co.
  • Board expressed “absolute confidence” in co.’s top management
  • Co. will continue operating w/“zero tolerance” for corruption and will move to terminate employees that violate ethics rules

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