A construction company in Jalisco has been reported for alleged multimillion-peso fraud involving several people who claim to have been affected by real-estate projects.
Authorities currently have three active arrest warrants connected to the investigation into the alleged fraud.
The company identified in reports related to the case is Constructora Arriba Jalisco. The company describes itself as a developer specializing in urbanization and multifamily housing, offering services that include urban infrastructure, housing developments and comprehensive real-estate projects.
The allegations are related to supposed real-estate developments in Jalisco. People who claim to have been affected have reported problems associated with projects for which money was allegedly paid in expectation of receiving a property.
The case has generated complaints from people who say they invested substantial amounts of money in real-estate projects but did not receive the expected results.
Previous public complaints concerning Constructora Arriba Jalisco have also appeared in connection with alleged problems involving residential developments. In one publicly documented discussion, buyers described projects such as Vertikal López Cotilla and Vertikal Mariano Otero, alleging that payments had been made toward properties that were not ultimately completed as expected.
The company is registered as Constructora Arriba Jalisco S.A. de C.V. Public business records identify it as a construction company based in Jalisco.
The investigation is significant because of the amount of money allegedly involved and the number of people who claim to have been affected.
The existence of the three arrest warrants indicates that authorities have already advanced the legal proceedings sufficiently for judicial orders to have been issued against individuals connected with the case. An arrest warrant is issued through judicial proceedings after prosecutors present evidence to a judge and the judge determines that the legal requirements for the order have been met.
The case remains subject to the corresponding criminal investigation and judicial proceedings, and allegations of fraud should therefore be understood as accusations until the courts establish individual criminal responsibility.
Source: mural
