Cemex Latam Drops Most on Record Amid Misconduct Probe at Plant

  • Probe reveals $20 million payments to non-government person
  • Chairman Jaime Muguiro to take over as Cemex Latam CEO

Cemex Latam Holdings SA, a unit of the largest cement maker in the Americas, dropped the most on record after saying it found about $20 million in irregular payments in the construction of its new cement plant, prompting its chief executive officer to resign.

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