Business Services Industry
Congress to ask ASF to investigate Del Monte deal.
Internet Securities, May, 2003
MEXICO CITY, May 23, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Permanent Commission of Congress will ask the Supreme Auditor of the Federation (ASF) to investigate the terms surrounding the sale of Del Monte to see if fraud played a role in the transaction. The proposal was presented this week by Democratic Revolution Party (PRD) Deputy David Sotelo Rosas, who questioned the sale of a company valued at US$270 million for real capital of US$25 million."It is evident that the Mexican federal government lost a magnificent opportunity to sell Mexican agricultural products in getting rid of Fresh Del Monte Produce," he said. The government came into majority possession of the company after the Banco Uni?n, which had acquired the...
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