May 21, 2001
Please Distribute Widely

Series Begins Today

The Citigroup-Banamex Deal

The Mexican Press Speaks

"In the case of Citibank's laundering of Raul Salinas' (brother of Mexico's
ex-President) $200 million account... When Salinas was arrested and his
large scale theft of government funds was exposed, his private bank manager
at Citibank, Amy Elliott told her colleagues that 'this goes in the very,
very top of the corporation, this was known...on the very top.  We are
little pawns in this whole thing'"

                                              - James Petras
                                                La Jornada
                                                May 19, 2001

"Why are the Mexican people going to pay, through taxes, for the financial
bankruptcy of a bank that today is successful because it has foreign
capital, and also, because its owners are being paid in dollars?" That,
certainly, is what is being asked far and wide inside national territory.

                                              - Francisco C�rdenas Cruz
                                                El Universal
                                                May 21, 2001


Dear Colleagues,

We start as we often do: by translating what the Latin American press is
saying about important news and public policy regarding the war on drugs in
our Am�rica.

The merger announced last week of Citigroup - the largest bank in the world,
and with a documented history of laundering illicit drug money - with the
National Bank of Mexico (Banamex) has profound implications, and not just
for Citigroup, which inherits the Banamex lawsuit against our freedom to
publish and your freedom to know.

>From Mexico City, Francisco C�rdenas Cruz examines The Clamor in Mexico Over
Citigroup's Deal:

http://www.narconews.com/pulsopolitico1.html

And from SUNY Binghamton, in a column published this week in La Jornada of
Mexico, James Petras reports on the drug money laundering history of
Citibank and other financial giants in "Dirty Money: Foundation of U.S.
Growth and Empire":

http://www.narconews.com/petras1.html

Keep a close watch this week on page one of Narco News. Alert anybody and
everybody interested in the drug war, the economy, banking, international
investments and authentic journalism: The Mexican press is raging over the
Citigroup-Banamex deal and we are translating its words for all to read.

More stories go up later today as part of this major series on Narco News:

http://www.narconews.com/

The Drug War on Trial. Now More Than Ever.

from somewhere in a country called Am�rica,

Al Giordano
Publisher
The Narco News Bulletin
http://www.narconews.com/
[EMAIL PROTECTED]

Subscribe for free alerts of new reports:

http://groups.yahoo.com/group/narconews






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