It has recently been revealed that savers who entrusted their money to financial entities regulated and supervised by the CNBV have only recovered a fraction of their funds. These institutions, which were described as reliable and safe, operated with capital below legal requirements, consistently failed to meet their legal obligations, and put the savings of many Mexicans at risk by not establishing adequate reserves.
Sofipo Libertad recorded losses in 2021 and 2022 and was forced to undergo a restoration plan because its net capital was far below the minimum required by law. It was discovered that the institution illegally requested authorization from the commission to issue private subordinated obligations for a considerable amount, which could have temporarily eased its capitalization situation but raised concerns about the safety of investors and savers.
The resignation of Esther Ramírez Bernabé, who held the position of VP of Development Banking and Popular Finance, has drawn attention due to investigations into alleged acts of corruption. Esther, who was appointed by Jesús de la Fuente, operated under the supervision of José Ramón Canales. It has been suggested that her actions may have affected citizens.
Libertad is one of the largest Sofipos in the country, with significant assets and millions of customers. However, inconsistencies in its accounting have been detected, suggesting that its practices may not be entirely transparent. This raises concerns about the safety of the funds deposited in the institution.
In the midst of this situation, a series of relationships and actions among key figures in the CNBV and financial entities have been revealed, shedding light on possible conflicts of interest and questionable practices. Despite attempts at illegal authorization, the advancement of actions that could have endangered the savings of investors has been halted.
These events highlight the importance of adequate financial supervision and transparency in the operations of institutions to protect the interests of citizens and ensure the stability of the financial system in Mexico.
