A Texas-based gas company has disclosed that a Mexican affiliate made payments to local government officials that may have benefited a cartel designated as a terrorist group by the U.S. government. Entanglement with cartels is an increasing risk for companies doing business in Mexico.
Kodiak Gas Services, based in The Woodlands, Texas, disclosed on Nov. 5 that the Mexican affiliate, which came under Kodiak’s control as part of a merger, made “certain payments likely were made to persons associated with an organization designated” as Specially Designated Global Terrorists (SDGTs).
