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
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
