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Oceanografía Sues Citigroup, Claims Alleged Multi-Million Dollar Fraud at Banamex

Oceanografía, formerly the biggest oil and gas company in Latin America, is accusing Citigroup (C) of using it to detract from probes into the fraud involving Banamex, which is Citibank’s Mexican subsidiary. Oceanografía collapsed in 2014. Citigroup is accused of granting a $585M credit line to Oceanografía so that the…

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