Narco News site being sued by prominent Mexican banker it accuses of being drug trafficker.

Narco News (was) launched a year ago to cover the war on drugs
in Latin America. For the past year, Giordano’s been producing Narco News from
“somewhere in a country called América,” as he signs his dispatches, taking on
powerful icons ranging from the New York Times and the Associated Press to the
governments of the United States and Mexico.

Among the icons with whom Giordano has tangled is Hernández, the principal
owner of Banco Nacional de Mexico, more commonly known as Banamex, which
Hernández bought from the Mexican government in 1991. Last August, Hernández
and Banamex sued Giordano, the Narco News Bulletin, and Mexican journalist
Mario Menéndez Rodríguez, accusing them of libel, slander, and “interference with
prospective economic advantage.”

The reason: Giordano and Menéndez, both in interviews last year with the Village
Voice and WBAI Radio and in a public appearance at Columbia University,
charged that Hernández is a drug trafficker whose profits helped to finance the
purchase of Banamex. Giordano also published those charges in Narco News. Boston Phoenix