Mexico: Petrochemical Industry, Alcoa, China, Petroleum, Sabic under investigation

The Mexican government has charged seven major petro chemical companies with violating Mexican law and has issued subpoenas to Alcoab, Sabec, SABIC and Petroleums representatives, as well as officials from Sabic and Petros.The government’s complaint accuses the companies of using foreign currency to circumvent foreign exchange controls.The companies have denied the accusations.The investigation centers on a complex web of companies, […]