Ruffo Appel’s Company Triangulated Funds for More Than $3 Billion
Mexico’s Attorney General says Ingemar, the ex-Baja California governor’s company, moved 3.07 billion pesos through Intercam, tied to Texas fuel smuggling.
Mexico’s Attorney General says Ingemar, the ex-Baja California governor’s company, moved 3.07 billion pesos through Intercam, tied to Texas fuel smuggling.
President Sheinbaum’s daily press conference, with comments on Quintana Roo, security, tourism, Ruffo Appel’s arrest, and cooperation with the U.S.
Ruffo Appel is among 25 facing warrants; the ring moved Texas fuel by rail, declaring 10% of each tank car and costing the treasury over 4 billion pesos.
Mexico was never told of the accusation, Sheinbaum says, after the US Treasury sanctioned 11 people and firms tied to the CJNG without sharing proof.
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The fuel was recovered as part of Operation Northern Border. A significant amount of stolen fuel is delivered to US refineries, to be sold in the US market and where the US government has shown little interest in pursuing the perpetrators of the crime.