Mexican steelmaker AHMSA says accounts ‘improperly’ frozen by government
28 May 2019

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.

By Anthony Esposito, Reuters, 27 May 2019

Read more at Reuters

Photo: Eneas De Troya from Mexico City, México [CC BY 2.0], via Wikimedia Commons

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