Asset Recovery Watch

ARW-161
Raul Salinas (United Kingdom)
Mexico
Brother of President Carlos Salinas (1988-1994)
United Kingdom
Location of Recovery Effort, Asset Location / Alleged Asset Location
2009
Art.15, Art.18, Art.23
Yes
Private Civil Action
Unknown
Unspecified
Global settlement agreement
Completed
Unspecified amount
No
N/A

According to a 1998 Report by the U.S. General Accounting Office (currently known as Government Accountability Office), Mr. Salinas' shell company Trocca held investment accounts in Citibank UK. (Source: U.S. General Accounting Office, Report to the Ranking Minority Member, Permanent Subcommittee on Investigations, Committee on Governmental Affairs, U.S. Senate, "Private Banking: Raul Salinas, Citibank and Alleged Money Laundering," GAO/OSI-99-1 (October 1998). According to a UK official knowledgeable about the case, $20 million in London accounts had been restrained. After a worldwide settlement was reached, United Kingdom discharged the restraint orders and in early 2009, the funds were forwarded to Switzerland. Civil lawyers acting on behalf of the Mexican government had a role in the funds transfer. (Source: Researcher interview with United Kingdom official, November 2010.)

According to the New York Times, Mr. Salinas was convicted in January 1999 in Mexico of murder. (Source: Julia Preston, "Raul Salinas Guilty in Killing And Is Sentenced to Fifty Years," New York Times, January 22, 1999.) According to a December 16, 2014 media release by the Mexican Prosecutor General's Office, Mr. Salinas was acquitted of unjust enrichment by the Third Criminal Court of the Federal District. (Source: Procuraduria General de la Republica, Resumen de Medios Electronicos, December 16, 2014.)

Chief Public Prosecutor's Office
Scotland Yard