I think that's where it started. I had been in relation with the Fed, I've been the owner of the bank for many years. But I think they began to get worried about me owning a bank because of this problem, you know? And I guess it's everything together--knowing my father working for Salinas, myself being a friend of Carlos Salinas and Raul Salinas. So in the beginning, I understood why they were worried, because they say, well, they heard this in the press, Raul Salinas is in jail in Mexico because they think he killed he somebody and he embezzled some money. Also up till now, fortunately for him, they haven't been able to prove anything. But anyway, at that time it was a big issue.
So I understood why they wanted to know a little bit more about me, why they
were worried. Also up till now, fortunately for him, they haven't been able to
prove anything. But anyway, at that time it was a big issue. So I understood
why they wanted to know a little bit more about me, why they were worried. But
then, when they began asking questions and then began implying that I had done
some illicit things, then I began to get worried and to get mad, because I
mean, I knew how I was, and they were getting a picture of myself that was
...I introduced Raul Salinas to Citibank, it was one of those things that we
were having breakfast together and he asked me, "Where do you bank--with which
banks do you bank in Mexico and outside?" And I told him about Citibank. So
he said, "Well, I would like to meet with them, if you don't mind." So one day
we came together, by coincidence, to New York, and I introduced Raul to the
people in Citibank.
To be honest, I don't know exactly how he opened the account. There is what
you call a trust . . . made by Raul Salinas, where he gathered some money from
different friends of [his] or different businesspeople, to do business in the
future, after his brother was in office--after he left the office. I don't
know exactly how he opened the account, [how] he used the money, if he used a
different money. That's what they say, but I couldn't--
Yes. I did. I invested with him, like, $9,000,000... His idea was to make a fund to develop new businesses. He invited--I couldn't tell you exactly how many people, but around 10 people--to invest in the fund that he was going to manage and promote after his brother left the office of the Presidency. Why did I invest with him? Because I thought it was a good investment. They had very good contacts, they're very bright people. So that was the reason.
No. It was just a conversation and an idea that he was developing. Probably
sounds a little bit strange in the States, a fund of that kind of management.
But in Mexico it's not so unheard of, no? Once you get a close relationship
with someone in business or in family, some of the deals are done without even
I met Carlos Salinas in preparatory, high school-- the last years of high
school. We were probably, what? 18. No, probably less. Like 15 or so. And
we went to the same preparatory school in Mexico. I was in the same year as
Carlos. Raul was a year above us. And then we were together again in the
university. In the university, [I was] more with Raul, because Raul was
studying engineering, the same as I did, and Carlos was studying economy. So
yeah, we are friends for many years.
Well, the idea was that he was going to have a fund, so it was kind of sending
the money to one account that I didn't even know to whom it belonged...
I think so.
Well, at that time, I didn't know it was an alias. I thought it was somebody
that he was using for the fund. So at that time, it didn't bother me...
I don't. I mean, I don't-- I couldn't swear. But I don't believe so.
Well, from my point of view, if you can make money legally, if you're a smart
guy, you live much happier than trying to do it other ways. If you cannot,
well, probably there's some guys that are prepared to do it that way. But I
know that Raul and Carlos are bright people. They understand business and
politics very well. So I really wouldn't see any need for doing something
It's difficult. And I think I told you, the last time we met, that it has been really difficult for me to find out where do they come from, because as you can imagine, I am very worried and disappointed and angry at these things. But I haven't been able to find where do they come from.
Because with this thing, I think, like about two years, in our holidays, we
were talking to someone. I really did a lot of thinking. I [said], "Jesus,
did I do something really wrong? I mean, I don't think so, but am I wrong and
trying not to accept something that I did?" And to be honest, I came to the
conclusion that it was the wrong perception that I had to fight. But I am very
at ease with myself, very sure that I have done nothing wrong...
I think he gave money to the Republican Party that probably he shouldn't given,
or the amount was a little more than what he was allowed, something like that.
And they were fined.
I think so. Yes.
Yeah, I check it out, because it also worried me, and I wasn't aware of it in
detail. But apparently, no, I didn't give any authorization. And what the
lawyers believe is that that has nothing to do with me...
Yeah. We have a similar saying...
I'm completely sure there's nothing in my case, but as I told you, I mean
people sometimes say things that they cannot prove and it's very difficult to
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