Fugitive Mexican Financier’s Del Monte Deadline Nears:...

Fugitive Mexican Financier’s Del Monte Deadline Nears: Carlos Cabal Peniche could lose a $30-million deposit toward an attempted purchase of Del Monte Foods Corp. unless he comes up with $2 million more by next week, according to a U.S. Securities and Exchange Commission filing. In June, Cabal agreed to buy San Francisco-based Del Monte and deposited $30 million, which will be forfeited unless he comes up with the additional funds by Sept. 19, according to Del Monte’s registration statement filed with the SEC. Cabal disappeared after the Mexican government accused him of illegally diverting an estimated $700 million in loans from his banking company, Grupo Financiero Union. The SEC filing also shows that top Del Monte executives stand to make hefty bonuses on the sale to Cabal.