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Mexico detains oil executive in Citibank defraud case MEXICO CITY: A judge has placed the head of a Mexican oil services firm under house arrest under suspicion that his company defrauded US bank Citigroup in a multi-million-dollar case.Amado Yanez, chief executive and majority shareholder of Oceanografia, will be held for up to 40 days as prosecutors determine what charges might be lodged against him, Attorney General Jesus Murillo Karam told a news conference.Citigroup said late last month that it was slashing $235 million from its 2013 financial results due to the fraud committed against its Mexican subsidiary, Banamex.The US banking group said $400 million of $585 million in credit given to Oceanografia by Banamex was based on bogus invoices from the energy firm, which is a major supplier of Mexico's state-run oil monopoly Pemex.The scandal prompted the Mexican government to take control of Oceanografia, a company that employs 11,000 people and has a fleet of around 70 ships.The ...

Early spring storm could dump six inches of snow on coastal New England NEW YORK: A potentially powerful storm is barrelling up the US eastern seaboard and could dump six inches or more on eastern Massachusetts late on Tuesday, meteorologists said on Monday. Low temperatures in the New England region are hovering 15 to 20 degrees below the average low of 33 degrees, and storm trackers say the worst of the early spring storm will strike overnight Tuesday on Cape Cod and the coastal resort islands of Martha's ...
Eight killed, 18 missing in US landslide LOS ANGELES: At least eight people were killed and 18 were missing when a massive landslide slammed "like a freight train" into a mountainside community in the northwestern United States, rescue officials said late Sunday.The wall of mud, rocks and trees smashed into the rural town of Oso, northeast of Seattle, on Saturday. Three people were reported dead shortly after and another body was pulled from the rubble earlier on Sunday.Travis Hots, chief of the ...
US landslide kills three, traps victims LOS ANGELES: Rescuers clawed through piles of mud, rocks and trees early Sunday trying to reach survivors of a giant landslide that killed three people in the northwestern United States.At least eight people were injured, including a six-month-old infant, when the face of a rain-saturated mountainside slid down Saturday, destroying six homes in the rural community of Oso, northeast of Seattle, local police and firefighters said."We have people who are yelling for help and we ...
US landslide kills three, injures eight LOS ANGELES: A landslide crashed into homes in a town northeast of Seattle on Saturday killing three people and injuring eight, authorities said.At least six homes were destroyed in the town of Oso, Washington State, the sheriff's office and other officials said."At total of eight people have been rescued at this point and are being treated at area hospitals, including a six-month-old baby," Snohomish County spokeswoman Shari Ireton said on Twitter."Reverse 911 calls have been ...
Michigan clerks marry gay couples after judge strikes down ban PONTIAC: Officials in several Michigan counties began issuing marriage licenses to same-sex couples in hastily arranged and joyful ceremonies on Saturday, a day after a federal judge struck down the state's ban on allowing gay couples to wed. At least 50 people had lined up in the Oakland County clerk's office in Pontiac, on the outskirts of the Detroit metropolitan area, when Clerk Lisa Brown arrived to open it at 8 a.m. local time carrying ...
US Iraq vet gets $4.5mn for Occupy injuries LOS ANGELES: An Iraq war veteran critically injured in 2011 Occupy protests in California has won $4.5 million in a legal settlement with local authorities, his lawyers said.Scott Olsen, who served two tours in Iraq, suffered brain damage when riot police used tear gas to disperse protestors in Oakland on October 25.Olsen, 26, welcomed the settlement but said it could not compensate for his injuries including a fractured skull."It's certainly not enough to make up ...


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