Oceanografia SA CEO Wanted By Mexican Authorities

Mexican authorities issued an arrest warrant for CEO and majority owner of Oceanografia SA, Amado Yanez, accusing him of participating in crimes at the oil services provider. The company is currently at the center of a fraud probe involving over $400 million in loans from Citigroup’s Mexico unit, Banamex. Mexico’s anti-corruption agency banned Oceanografia in February from bidding on government contracts for 21 months, saying the company violated agreements with Pemex, the state-owned oil company.