Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Stanford under federal drug investigation
Source: Agencies |
February 19, 2009, Thursday
|
Online Edition
Online Edition
THE US Federal Bureau of Investigation and others have been investigating whether Texas billionaire Allen Stanford was involved in laundering drug money for Mexico Gulf cartel, ABC News reported yesterday, citing federal authorities.
The US Securities and Exchange Commission on Tuesday charged Stanford and two executives of Stanford Group Co with an US$8 billion fraud.
Mexican authorities detained one of Stanford's private planes as part of the investigation, which has been ongoing since last year, ABC reported, citing unnamed officials.
Officials said checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang, ABC reported.
FBI spokesman Richard Kolko said the agency could not confirm or deny an investigation.
ABC cited authorities as saying that Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities said the SEC's action against Stanford on Tuesday may have complicated the federal drug investigation.
The US Securities and Exchange Commission on Tuesday charged Stanford and two executives of Stanford Group Co with an US$8 billion fraud.
Mexican authorities detained one of Stanford's private planes as part of the investigation, which has been ongoing since last year, ABC reported, citing unnamed officials.
Officials said checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang, ABC reported.
FBI spokesman Richard Kolko said the agency could not confirm or deny an investigation.
ABC cited authorities as saying that Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities said the SEC's action against Stanford on Tuesday may have complicated the federal drug investigation.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
