The precautionary measures request that the bank “refrain from making agreements, assemblies or any corporate act tending to approve the sale, donation, usufruct or by any means affect the portfolio of active and passive clients; of goods and services that undermine the value of the institution and its departure from Mexican soil”.
On January 11, Citigroup announced the sale of its retail business in Mexico, the bank said that this decision corresponded to a global strategy of the bank.
In 2014, Citigroup said that Banamex had been defrauded through Oceanography of $500 million. However, the bank has not been able to prove to the authorities that there was fraud against it, so the shipping company is claiming compensation for damages.
So that the bank does not make the sale without paying Oceanography, the judge asks that the amount be paid to “guarantee the possible damages that could be caused” in the next five days.
Oceanography estimates that, if payment is not made, the suspension of Banamex’s sale could last two years.
