MEXICO CITY.
A Federal Judge with residence in the maximum security Federal Social Readaptation Center number 1, known as the “Altiplano”, issued an arrest warrant against Guillermo Héctor “Billy” Álvarez Cuevas, president of the Cruz Azul Cooperative, for organized crime and money laundering.
The judge considered that Billy Álvarez is the leader of a criminal organization dedicated to laundering money from the cooperative through the use of companies known as facade (organized crime and operations with resources from illicit sources).
#LAST HOUR Warrant of arrest issued against Billy Álvarez, president of the Cooperative @CruzAzulCD, for organized crime and money laundering. He will go to the Almoloya Maximum Security Prison
– Ciro Gómez Leyva (@CiroGomezL) July 30, 2020
Likewise, an arrest warrant was issued against Messrs. Mario Sánchez, financial director; Eduardo Borrell, legal director; Víctor Garcés, former legal director of the cooperative, as well as the external lawyer Ángel Junquera, for being participants in the criminal organization.
As of today, said subjects are already being sought by the country’s police corporations to be detained and to face their process deprived of their liberty for being crimes that warrant informal preventive detention and not having the right to bail.
The facts imputed to them consist in that, for at least 6 years, the investigated organized in fact to repeatedly dispose of resources owned by the cooperative since they authorized and made bill payments for non-existent services, to companies that invoice simulated operations (EFOS), without having the powers to represent the aggrieved society, with which they hid or tried to hide the destination of the resources that represent the product of their illegal activity, causing damage to the cooperative of several hundred million pesos.
If found responsible, the aforementioned people could face penalties ranging from 20 to 40 years in prison to Billy Álvarez for being the leader of the organization and from 10 to 20 years in prison to the others investigated; this only for the crime of organized crime.
Notwithstanding the foregoing, the investigations by the Attorney General of the Republic (FGR) continue against the now fugitives from justice and various other directors of the cooperative and close associates such as Noé Calvo Morales, Benito Rodríguez Fayad, Pablo Resendíz García, Mario Cruz Valverde, Ignacio López Medina, Pedro Espinoza, Jorge Fernández Rodríguez, Raúl Antonio Enríquez López and Germán Díaz Pérez.
As well as companies and shareholders that could have been part of these schemes such as the company Consultoría Gestión Empresarial Lebrija, Ima de México SA de CV (company of Diego Ruiz’s father, Billy Álvarez’s lawyer) Agrupación Technick Sistem, Servicios Profesionales Baal, SC, Professional Advisory Services for Metropolitan Business Solutions, SC, and CCT Concerta.
If you click on the following image you can read our latest news:
Copyright law strictly forbids copying Excélsior materials in whole or in part without prior written permission and without including the link to the original text.
–
