MEXICO CITY, Feb 10 (Reuters) - The Mexican banking regulator fined in November the president o
MEXICO CITY, Feb 10 (Reuters) – The Mexican banking
regulator fined in November the president of the board of Grupo
Lala, a dairy merchandise producer, for failing to report
transactions associated to shares of one other agency through which he was
concerned, in accordance with the regulator.
The chief, Eduardo Tricio Haro, was fined $35,000. A
spokesman for Tricio stated the advantageous was associated to “routine,
extemporaneous reviews” on holdings of the corporate, Grupo
Industrial Saltillo (GIS) . Fifty different people
and banks have been additionally fined, the spokesman stated late on Friday.
“The advantageous is the bottom for routine reviews because the authority
decided that there was no fraud or financial profit,” the
spokesman stated in a press release. In 2014, Tricio resigned as a
member of the GIS board.
Along with Grupo Lala , Tricio sits on the
boards of administrators of necessary Mexican firms similar to
Aeroméxico , the biggest airline within the nation, the
monetary group Citibanamex, the economic chemical
conglomerate Orbia and broadcaster Televisa
.
With out providing additional particulars, a doc from the
Nationwide Banking and Securities Fee (CNBV) stated that the
govt “didn’t report (…) the disposals or acquisitions
of shares of the issuer with which he was related.”
The CNBV did…