A former CIE executive has accused the Mexican entertainment company of money laundering. (Money Laundering - It's the Law).A former CIE (Commission Internationale de l'Eclairage, International Commission on Illumination, Vienna, Austria, www.cie.co.at) An international organization that sets standards for all aspects of lighting and illumination, including colorimetry, photometry and the measurement of visible and executive has accused the Mexican entertainment company of money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. . Daniel Grinbank, past chief of CIE's Argentine subsidiary, filed court documents claiming the company paid US$8.5 million in consulting fees to Panama-based Nutrina Corp., a company that existed for only eight months. CIE, with operations in Argentina, Brazil, Colombia, Mexico, Spain and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is counter-suing Grinbank for defamation defamation In law, issuance of false statements about a person that injure his reputation or that deter others from associating with him. Libel and slander are the legal subcategories of defamation. Libel is defamation in print, pictures, or any other visual symbols. . SOURCE: National Law center for Inter-American FreeTrade (natlaw@natlaw.com); Translegal Inc. (translegal@earthlink.net) |
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