Rabobank Closed

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Rabobank Closed

Mica
valortamaulipeco



A few days before San Diego sheriff's deputies detained Tijuana-born baseball player Esteban Loiza for possession of 20 kilograms of cocaine for transportation and sale, just over 180 kilometers away also in California, United States, but in the city of Calexico, the Rabobank, a banking institution of Dutch origin was closed by the department of justice of that country.

An investigation initiated in the treasury department of the American Union for more than five years, gave account of how in the bank branch of Rabobank in the town of just 40 thousand 232 inhabitants, transactions were made for hundreds of millions of dollars.

Calexico borders with Mexicali, Baja California, and in both cities the economy is nourished by agro-industry, even with the prosperity of the fields, the treasury department investigators could not justify with the documentation available from the bank, the increase in 39 percent in the opening of accounts, and deposits that together exceeded 150 million dollars in the small branch.

The investigation led them to testify as every day Rabobank Calexico required trucks to transfer the cash that was deposited systematically in that branch; in addition, there were at least a thousand accounts of users whose names were inscribed in a reserved list with the indication of "non-reviewable accounts", which meant that in the event of an alert being issued due to the amount deposited or the handling of the effective, this would not be taken care of.
After government pressure, the Dutch bank in Calexico pleaded guilty to obstruction of justice for five years, from 2009 to 2013, during which they received deposits amounting to 370 million dollars, which, it would later be proven, came from drug trafficking, the organized crime and money laundering. The fine imposed by the department of justice and the treasury against the banking institution was precisely 370 million dollars.

The apprehension days after former big league baseball player Esteban Loaiza in San Diego was not a coincidence either. The San Diego sheriff's department and the border police were conducting an investigation for some time.
Particularly about vehicles that were used to cross drug from Tijuana to San Ysidro via the international sentry box in this latter city. One of those cars was used by the former baseball player.

As with Rabobank or at the time HSBC in Mexico, anyone could think that Esteban Loiza did not need to enter the drug trade when in his brilliant career of thirteen years as a player in the big leagues had managed to collect more than 43 million dollars , in addition to receiving an annual pension of 100 thousand dollars from the wholesale baseball league of the United States. Even the details to be known at the hearing that was scheduled for Wednesday February 14 in San Diego, California, it is clear that "have" money, influence, power, does not prevent criminal relationships are made.

In Mexico unfortunately, there are many examples, remember the case of HSBC when in 2012 it was fined with 1,900 million dollars when it was found that they carried out operations in our country, in Iran, Syria and Saudi Arabia for money laundering. Not many months ago the bank accounts and the assets of the national Rafael Márquez and the band singer Julión Álvarez were frozen after the United States treasury department also linked them to drug trafficking in money laundering operations.

What to say of the former governors, Mario Villanueva Madrid, former president of Quintana Roo, was apprehended in Mexico for drug trafficking and later extradited to the United States for the same crimes. Tomás Yarrington, the former Governor of Tamaulipas was arrested in Italy last year, accused of crimes against health, organized crime and operations with resources of illicit origin, in the American Union also seek to judge him by transferring drugs. Another former Governor of Tamaulipas, Eugenio Hernández Flores, is accused of operations with resources of illegal origin, and of embezzlement, and in the United States he is accused of laundering money.

Officers from the United States who are close to the case of Esteban Loaiza do not explain the behavior of the player, who -except when he was married to Angelina Jenny Rivera- maintained a discreet life and moved in Tijuana's society with more simplicity than glamor. Even though the financial situation of the one who was a millionaire baseball player is unknown, and the cost of 20 kilos of cocaine in the drug market is 500 thousand dollars, they believe that what happened to Loiza was more to the "adrenaline that to the economic necessity", or to the bad relations, to the company of Mexican drug traffickers.

The reality is that drug trafficking with the impunity that it enjoys, corrupts everything. Starting with the police approach, following the investigation, those seeking justice, and from there up, to reach the governors and even the judges, going through the productive sectors.
Because business drug dealers sell their houses, their cars, workers build their narcotunnels, employees care for and clean their houses, teachers give classes to their children, priests baptize them, banks keep their money and many small financial institutions They send their money. A small bank in Tijuana, transferred between 2007 and 2010, 300 thousand pesos a day for only one cell of the Sinaloa cartel in this land.

According to studies of the United Nations office on crime and drugs, in 2017 the international drug traffic moved in different transactions 870 billion dollars. In the United States, where most of the acts of corruption of drug trafficking in Mexico are the final destination, the illicit business corresponds, until 2013, to the handling of about 34 billion dollars a year, while in 2017 in the European Union the Illegal business was valued at 24.3 billion dollars, of which, according to the UN study, 70 percent correspond to money laundering transactions.

As has happened in Mexico, the analysis of the United Nations, determines that the businesses most used by drug traffickers and organized criminals to launder their money are those that use cash, businesses with little technological investment and simple tasks, the sectors involved with the public administration and the subsidies, the real estate companies, sectors of null or very little official regulation like the energetic one and the one of the bets. In addition, money laundering occurs with financial transfers, property purchases, real estate investments, investments in high cash handling businesses such as restaurants, casinos, production of shows, gas stations, and the purchase of luxury items such as jewelry, yachts , villas, cars, and, of course, investments in tax havens.

Unlike the United States, Mexico does not have a treasury department that is monitoring illicit transactions or that are presumed to be irregular in banking institutions, companies or between individuals, nor the finance and public credit secretariat, nor the attorney general's office of the republic. , they investigate the laundering of money, everything related to these investigations comes from investigations of the United States with repercussions in national territory, as the cases of Yarrington, Hernández, Villarreal, Márquez, Álvarez, and now the ballplayer Esteban Loaiza, who has his official residence in Tijuana, city from which he moves in his personal and professional relationships in the world of sport.
The impunity that the government of the republic provides by not investigating properly and with good results money laundering and transactions with resources of illegal origin, and of course the transfer of drugs, create a breeding ground for the corrupting arm of drug trafficking everything touches, from governments, banks, companies, shows, and sports. The corruption of drug trafficking begins in the Mexican government incapable, inefficient, and sometimes accomplice.
J
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Re: Rabobank Closed

J
I read about Rabbobank, the DOJ press release doesn't say it is closed, they just paid a substantial fine, and several top level excecs and managers were cooperating.  I don't think the Esteban Louiza case is related, this Rabbobank probe goes back 7 years, this is just a local task force anti narcotics investigation.
J
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Re: Rabobank Closed

J
After reading closely, and a similar Zeta article, they are not drawing a direct link, simply the entire sum of trafficking, millionaires, money laundering and international banks.  

Edit: it actually is a Zeta article by Adela Navarro, whom I admire very much.