U.S. firm WhiteWater Midstream LLC under investigation for corruption

Mexico's state-run power utility said in a statement that the U.S. firm WhiteWater Midstream LLC is under investigation in both Mexico and the United States for possible corruption in its contracts with the Mexican company.

WhiteWater is under investigated for the "delivery of contracts under suspicion of corruption, breach of trust and influence peddling," the Comision Federal de Electricidad (CFE) said in its statement.

The US company was awarded multi-million dollar contracts by the CFE between 2016 and 2017. The contract was "unnecessary for the purposes and needs of the CFE," the utility said. However, the contract was awarded without a "transparent" process, the company said. There are also former CFE officials who are under investigation in this case as well.

"CFE will exercise, in accordance with its own right, legal actions both at the civil and criminal level in Mexico and the United States," the statement said.