Published On: Thu, Jan 8th, 2015

Politician arrested for embezzling US$13.5 million

Share This
Tags

Mexico’s Attorney General’s Office (PGR) arrested José Ricardo Gallardo Cardona, mayor of Soledad de Graciano Sánchez, a municipality in the State of San Luis Potosí, for organized crime and operations with illegal proceeds.

According to the investigation, the member of the Democratic Revolution Party (PRD), who intended to run for governor of San Luis Potosí, embezzled over 200 million pesos (US$13.5 million) from October 2012 to August 2014.

At a press conference, Tomás Zerón de Lucio, director of the Investigation Agency, said that Gallardo is shareholder in several companies, some of which are based in the United States, where the mayor with license is also being investigated.

José Ricardo Gallardo is shareholder in several companies, some of which are based in the United States, where the mayor with license is also being investigated. (Notimex)

José Ricardo Gallardo is shareholder in several companies, some of which are based in the United States, where the mayor with license is also being investigated. (Notimex)

As an example of Gallardo’s life style, he reported owning a violin valued at more than 5 million pesos (US$337,178). In 2012, Gallardo reported earning 30,000 pesos a month (US$2,026) as a mayor and 150,000 pesos more (US$10,130) with private businesses.

He owns six properties valued at 32.9 million pesos (US$2.2 million), watches and jewelry worth 1.3 million pesos (US$87,793), classic cars valued at 2 million pesos (US$135,065) and five more cars worth 997,000 pesos (US$67,326).

Zerón explained that medical services were paid from accounts of the municipality, and that the firm Wong SA de CV transferred the resources to other accounts of companies in which Gallardo or his relatives and friends own a stake, such as Inversión Creativa and Tangamanga Continental, among others.

Gallardo was sent to a Federal Prison in Hermosillo, Sonora, in the North of Mexico.

Source: http://www.eluniversal.com.mx/

Mexico Travel Care




Comments

comments

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>