Letter from Scotiabank’s lawyer in Mexico City

Scotiabank in Mexico fired 16 of its employees after investigations uncovered frauds involving more that $14 million – but they never faced any criminal charges.

Jose Marmolejo, the former chief prosecutor for money laundering and organized crime in Mexico, told the fifth estate that he was ready and willing to charge the 16 employees , but without a specific criminal complaint from the bank, he couldn’t do it. He said under Mexican law, in the case of a financial crime in a bank, bank employees can only be charged if the bank itself first files a criminal complaint against them.

In a letter to the fifth estate, Scotiabank's Mexico City lawyer explains his view of the law and how the bank fulfilled its obligations.