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Spanish court keeps former Mexican oil chief in detention
Attorney News |
2020/02/10 10:59
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A Spanish court ruled Thursday that a former head of Mexico’s state oil company must remain in custody while an extradition case is heard against him.
A judge ruled that Emilio Lozoya is a flight risk, according to a statement from the National Court in Madrid.
Mexico issued international arrest warrants against Lozoya last year as a result of corruption investigations. Lozoya has denied wrongdoing.
When he was arrested Wednesday in the southeastern Spanish port of Malaga, Lozoya had a driving license bearing his photograph but a different name, according to the court statement. The judge took that as an attempt to evade justice.
Spanish authorities said Lozoya had entered Spain two days earlier, but a search had been on for him throughout Europe since May.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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