Confirm order of formal imprisonment of Rafael Olvera Amezcua

A federal court confirmed the formal prison order issued against Rafael Olvera Amezcua, the company’s main shareholder Ficreafor the crimes of organized crime and money laundering.

The magistrate of the First Unitary Criminal Court, Gabriela Guadalupe Rodríguez Escobar, declared the defense argument unfounded, in the sense that the FGR violated banking secrecy to access the transfers, because it was an action accompanied by a court order.

Olvera Amezcua was extradited by the United States to Mexico on March 2. The Attorney General of the Republic (FGR) indicates him as likely responsible for the crimes of operations with resources of illicit origin and violation of the Popular Savings and Credit Law, with regard to the federal order.

The investigation of the FGR states that, from July to October 2014, Olvera Amezcua transferred 1 million 790,000 euros (about 31.1 million pesos) abroad through third parties, in addition to another amount from June 2013 to November 2014 for 11 930,000 million (about 210 million pesos).

For its part, the Mexico City Attorney General’s Office (FGJCDMX) initiated a process for the crime of equalized tax fraud.

Olvera Amezcua was detained in Texas on May 29, 2019 by Interpol agents in compliance with an arrest warrant issued by Mexican authorities.

In November 2014, the National Banking and Securities Commission (CNBV) intervened to Ficreapopular savings finance company, by detecting irregularities in its financial reports for some 2,700 million pesos, which were used in transfers abroad, purchase of property and real estate not related to the activities of the company, as well as personal expenses of partners.

Also, on Monday FGJCDMX completed a re-arrest order against Olvera Amezcua for the crime of generic fraud.

According to the capital prosecutor’s office, Rafael Olvera Amezcua65, likely defrauded about 6,800 savers, mostly seniors, of more than $6 billion.

In addition, he possibly had 90 million 423,250 pesos from his investors to acquire 11 properties in Acapulco, Guadalajara, the State of Mexico and Mexico City.

The re-arrest order for the crime of generic fraud It was completed by elements of the Investigative Police (PDI) of the Coordination of Compliance and Execution of Judicial Orders, inside the South Male Preventive Prison, where Olvera Amezcua has been imprisoned since March 2 of this year.

kg