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Cruz Azul President Accused of Money Laundering, Involvement in Organized Crime

Related Topics: Cruz Azul F.C

An arrest warrant has been issued for Cruz Azul president Guillermo Alvarez, according to ESPN's Tom Marshall.

Mexico's attorney general's office issued a warrant on Thursday, accusing Alvarez of "involvement in financial fraud and organized crime," per Marshall. Alvarez will reportedly appear in front of a judge at the Altiplano maximum security prison, though he has not been taken to jail as of Thursday afternoon.

Alvarez, 74, is the general director of the Cruz Azul cement corporation, which runs the Liga MX club. Alvarez's bank accounts were frozen by the Mexican government in May.