Continued from page 1

Federal police arrested him March 5 along with 16 other suspects with ties to the Zetas.


Businessmen arrested in bank fraud probe

LONDON | Police arrested nine people, including two of Britain’s wealthiest entrepreneurs, on suspicion of fraud in connection with the 2008 collapse of Iceland’s Kaupthing bank during the global financial crisis.

Britain’s Serious Fraud Office said seven men ages 42 to 54 were taken into custody in raids on two businesses and eight homes in London. The properties were being searched and the suspects questioned at police stations in the city.

Two men, ages 42 and 43, were arrested in the Icelandic capital, Reykjavik.

Entrepreneurs Robert and Vincent Tchenguiz confirmed they were among those arrested in London and said they were “cooperating fully” with authorities.

The Tchenguiz brothers amassed a large property portfolio and had investments in some of Britain’s best-known retail brands, including grocer J. Sainsbury PLC and pub chain Mitchells & Butlers.


New foreign minister eyes deepen alliance with U.S.

TOKYO | Japan’s new foreign minister promised Wednesday to deepen Japan’s alliance with the U.S. and expand free-trade deals as he assumed the post after his former boss quit suddenly amid a political donations scandal.

While Japan’s alliance with the U.S. is one of the most enduring in Asia, it has come under stress recently as governments in Tokyo promised to seek a more equal relationship with Washington.

The previous prime minister had pledged to move a U.S. base off Okinawa, where residents have complained about overcrowding and the behavior of U.S. troops.

Takeaki Matsumoto’s appointment comes as Japan faces escalating territorial claims from its Asian neighbors, and he told reporters Wednesday that a solid relationship with the U.S. was critical to Japan’s security.


Story Continues →