Spain Extradites Alleged Fraudster to Mexico

On January 29, 2004, the Mexican Attorney General?s Office announced that officials of the Federal Investigations Agency of Spain surrendered Jesus Rodolfo Guajardo Cerna to Mexico in response to an extradition request, based on the warrant issued by the Court in Tlalnepantla, State of Mexico, for the crime of generic fraud. On August 20, 2002, the Mexican Attorney General on Juridical and International Matters requested provisional arrest of Jesus Rodolf Guajardo Cerna until his extradition based on the arrest warrant issued for him by the Fourth Judge of the First Instance of the Judicial District in Tlalnepantla de Baz, in the State of Mexico, for suspicion of his probable responsibility in the commission of the crime of generic fraud. In particular, the extradition warrant alleges that Mr. Guajardo Cerna, as the corporate director of administration and finances of Ambar Mexicana, S.A. de C.V., an enterprise mainly dedicated to oil drilling, used fraud to pretend a business he owned sold materials that were never delivered, in addition to instructing the staff of his representatives to permit the shipment of materials from the warehouses, which he sold and never turned the money over to the business. In this manner, the business for which he was responsible lost 7,522,132.00 pesos...[more]