Dear Senator Glenn: On February 28, 1998, you expressed concern about reports that Raul Salinas de Gotari, brother of the former President of Mexico, Carlos Salinas de Gotari, had allegedly been involved in laundering money out of Mexico through a U.S. bank, Citibank, to accounts in Citibank affiliates in Switzerland and the United Kingdom. At that time, you requested that we determine • how Raul Salinas was able to transfer between $90 million and $100 million from Mexico into foreign accounts through Citibank and its affiliates; • what functions and assistance Citibank performed for Mr. Salinas; and • if Citibank’s actions complied with applicable federal laws and regulations.
3 Comments:
Letter from GAO
Dear Senator Glenn:
On February 28, 1998, you expressed concern about reports that Raul Salinas de Gotari, brother of the former President of Mexico, Carlos Salinas de Gotari, had allegedly been involved in laundering money out of
Mexico through a U.S. bank, Citibank, to accounts in Citibank affiliates in Switzerland and the United Kingdom. At that time, you requested that we
determine
• how Raul Salinas was able to transfer between $90 million and $100 million from Mexico into foreign accounts through Citibank and its affiliates;
• what functions and assistance Citibank performed for Mr. Salinas; and
• if Citibank’s actions complied with applicable federal laws and regulations.
10:56 AM
ahhh! corruption and citibank..say it ain't so! The real question is whether or not Raul Salinas was a good spooner or not.
The GAO. God Bless the GAO. Seems like we're always running into them in my line of work.
11:05 AM
raul salinas just has that magical spark in his eye that possesses one. he's so dreamy.
11:08 AM
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