By Hugh Collins
Oct. 16 (Bloomberg) -- Mexico will seek penalties of 10 years' imprisonment for executives of companies who bet against the currency last week, El Universal reported.
The executives can be jailed for failing to reveal relevant information about their companies' currency positions, the Mexico City-based daily reported, citing anonymous government officials.
The paper on Oct. 13 reported that Finance Minister Agustin Carstens said last week's 14 percent decline in the peso resulted from companies' speculative bets against the currency.
To contact the reporter on this story: Hugh Collins in Mexico City at hcollins8@bloomberg.net
Thursday, October 16, 2008
Mexico to Seek Prison for Currency Speculators, Universal Says
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