Five days have passed since it was revealed that the Financial Intelligence Unit (UIF) of the Secretariat of Finance and Public Credit, froze the accounts of Guillermo “Billy” Álvarez, Alfredo Álvarez and Victor Garcés, all managers of the Cruz Azul Cooperative. This Monday details were expanded on the alleged illicit operations that the director of the cement and soccer club would have incurred.
FORMER OFFICER AND EX-DIRECTOR OF COOPERATIVE ADMINISTRATION GIVEN DETAILS
According to an investigation by the newspaper Excelsior, the accounts frozen by the FIU were due to both the ex-treasurer Maria Alejandra Velázquez Paredes, like the former director of administration, Juan Manuel Briseño González, offered details on the alleged illicit operations carried out by Billy Álvarez within an operation scheme from the general direction of the Cooperative; These statements were made before the Public Ministry of the Central Investigation Prosecutor’s Office for the Attention of Financial Crimes, within the opportunity criteria presented in the Mexico City last March 2.
PAYMENTS OF 200 MDP TO GHOST COMPANIES AND VARIOUS ILLICIT OPERATIONS
Both the former treasurer Velázquez Paredes, and the former director Briseño González, explained that Álvarez Cuevas reportedly made payments to shell companies for around 200 million pesos, in addition to having acted without legal powers for seven years, beginning to operate in this way since 2013, which the same ex-treasurer explained that it had been established since a sentence issued in file 85/2011 of the Eleventh District Court in Civil Matters of Mexico City.
“It instructed making payments to shell companies or invoices with resources from the Cooperative and to the detriment of it and its partners, making non-existent operations or expenses appear through a bill payment scheme for alleged services provided to the Cooperative and its companies when in reality it had not been so, “Velázquez Paredes explained according to the Excelsior Journal.
FAMILY MEMBERS AND FRIENDS, ACCOMPLICES IN THE NETWORK OF BILLY ÁLVAREZ
In turn, within the same investigation it was revealed that within the alleged system of payments to shell companiesAs well as other illegal operations, both family and friends of Álvarez Cuevas benefited.
Those appointed are his brother José Alfredo Álvarez, commercial director; Víctor Garcés, legal director; Miguel Eduardo Borell, current legal director; Bald noah, HR director; Mario Sanchez, former general accountant and current financial coordinator; Benito Rodríguez Fayad, manager of National Cements and Concrete; Rafael Zaldo, Tax manager, in addition to Pablo Reséndiz, Manager of the Plant in Lagunas, Oaxaca, all of them members of the Cruz Azul Cooperative.
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