Banco Santander Mexico, SA de CV

[anenro]

Okay fellow members of this blog. I have the need to consult with all of you. 

Here's the situation.
A Mexican corporation, in 2012, entered into a JVA with a Venezuelan oil drilling company, to fund a project in Mexico. The Venezuelan corporation, in 2012, wired the amount of US$45M to the Mexican corporation. Prior to the funds being transferred to Mexico, the president of the Mexican corporation, met with the bank officer at Banco Santander and presented a copy of the JVA, CIS or the Venezuelan corporation and a copy of the business plan to take place, using the funds.

Once the funds arrived at Banco Santander, the bank stated, to the president of the Mexican corporation, that it would take a few days to process the money received from the Venezuelan corporation. Well, to make a long story short. Banco Santander never released the funds to the Mexican corporation and have given the president of the Mexican company, excuse after excuse and not one single penny (or Mexican Pesos), has been released.

The president of the Mexican corporation filed charges against Banco Santander and contacted AMLO (Andres Manuel Lopez Obrador, president of Mexico), and AMLO had his people contact the bank and the bank assured AMLO and the president of the Mexican corporation, that funds would be released in a few days later. Well, so far, 2 months have passed and not one single penny (or Mexican Peso), has been released to the Mexican corporation.

My question.
What would you do if you were the president of the Mexican corporation?


Your comments will be appreciated.

Best wishes to one and all.

ANENRO ISHIM International 

#BANCOSANTANDERDEMEXICO
#ANDRESMANUELLOPEZOBRADOR
#AMLO
#FRAUDBANCOSANTANDERDEMEXICOSADECV

[congregatio]

If AMLO is no help at least get the AMLO cover and send them a bank regulatory audit, file a personal complaint against the ceo Hector Checa for fraud and stealing the funds (even if he didn't do it himself, the buck stops with him and he knows about it and he makes money in the form of his income based on performance), beside that find someone with good connections to the bank and find out the grapevine internal reason. In addition a complaint to the holding company Ana Botin and Jose Alvarez. Madrid owns 74.9% of Santander Mexico. You have to push on all fronts and get a big law firm and ask for a meeting on the affair, lawyers and all

[conflict]

agree with Richard, use the baseball bat, especially if you are sure you are not breaking any rules. Hope you don't need them as a bank relationship. Not sure what the amount is or if you can have it recalled and send somewhere else

[congregatio]

let the Mexican Regulator screen the transaction, transfer coordinates should be clear, if they paid in any other currency than Mexican Pesos it could be that you need to push on that currency side, like the Santander Madrid

[anenro]

Aug 19, 2021 10:15:46 GMT 4 congregatio said:

If AMLO is no help at least get the AMLO cover and send them a bank regulatory audit, file a personal complaint against the ceo Hector Checa for fraud and stealing the funds (even if he didn't do it himself, the buck stops with him and he knows about it and he makes money in the form of his income based on performance), beside that find someone with good connections to the bank and find out the grapevine internal reason. In addition a complaint to the holding company Ana Botin and Jose Alvarez. Madrid owns 74.9% of Santander Mexico. You have to push on all fronts and get a big law firm and ask for a meeting on the affair, lawyers and all

Thank you "congragatio" for sharing your comments with me. I have enlisted the help of the next governor of Banco de Mexico (Central Bank of Mexico) and hopefully positive results are forthcoming.

[anenro]

Aug 19, 2021 10:21:11 GMT 4 conflict said:

agree with Richard, use the baseball bat, especially if you are sure you are not breaking any rules. Hope you don't need them as a bank relationship. Not sure what the amount is or if you can have it recalled and send somewhere else

US$45M stolen by Banco Santander de Mexico since 2012.  

[anenro]

Aug 20, 2021 0:51:54 GMT 4 congregatio said:

let the Mexican Regulator screen the transaction, transfer coordinates should be clear, if they paid in any other currency than Mexican Pesos it could be that you need to push on that currency side, like the Santander Madrid

The funds came from overseas through NYC (JPM Chase Bank) to Banco Santander Mexico and by law the USD had to be converted to Mexican pesos. But, not one single peso has been released.

[Sapphire Capital]

if it came via JPMC and you have a copy of the SWIFT you have a case and can trace it

[anenro]

Aug 23, 2021 2:14:35 GMT 4 Sapphire Capital said:

if it came via JPMC and you have a copy of the SWIFT you have a case and can trace it

Here's how bad the situation is.

Banco Santander de Mexico has over 40 identical cases against this financial institution. I have received a copy of the Mexican court system judgement against Banco Santander de Mexico, where the court orders this bank to IMMEDIATELY release the funds. Well, so far, 30 days later, after the bank received the mandate from the Mexican supreme court, the bank is currently sitting on its hands. 

On a side note: I asked my bank if they would accept a SWIFT commitment from Banco Santander de Mexico and my bank said: "No!"  The bank in Mexico is currently black listed by the banking community.

More to come.

Thank you all for your support and guidance.

[Sapphire Capital]

Interesting, they should direct to different banks, Richard once had a client with a judgement against DB and attached their central bank account, it got them moving but kind of put a kink in his relationship to the bank