Home News Switzerland sends Mexico CHF 75 million

Switzerland sends Mexico CHF 75 million

Published on 11/07/2008

11 July 2008

MEXICO CITY – Mexico’s government says Switzerland has sent the country USD 73 million (CHF 75 million) from bank accounts linked to former President Carlos Salinas’ brother.

Deputy Attorney General Jose Luis Santiago Vasconcelos said Thursday that an additional USD 1 million will be deposited in the treasury in the coming days.

Mexican authorities have been investigating Raul Salinas on suspicion of taking bribes while his brother was in office from 1988 to 1994.

Switzerland announced in June that it would turn over US$74 million tied to Salinas because it was determined to be "clearly of criminal origin".

Salinas says the money was given to him by business associates as part of an investment fund.

[AP / Expatica]