Eduardo Albor, who previously served as the CEO of The Dolphin Company, a company that operates water parks, has been arrested in Cancun, Mexico. The arrest occurred at a restaurant on Thursday afternoon, and he will be transferred to a prison in Mexico City. This legal action is a result of allegations made against him by one of The Dolphin Company’s Mexican subsidiaries, which took action against Albor after he lost control of the firm to its advisors last year.

The accusations against Albor include misleading a Mexican court in efforts to undermine the corporate governance changes that were instituted by his advisors. The legal troubles arose after his advisors had taken over the management of the company, with the litigation stemming from a broader context of bankruptcy proceedings for The Dolphin Company. Sean Greecher, the company's lawyer, presented these allegations during a bankruptcy hearing held in Delaware, highlighting the severity of the situation for Albor and the company.

As The Dolphin Company has been under advisory supervision since March, the implications of Albor's arrest indicate a significant shift in the management and operations of the company, which has faced financial difficulties. The ongoing legal ramifications could potentially lead to further investigations and greater scrutiny of Albor's actions during his tenure as CEO, raising questions about corporate governance and accountability in the wake of this scandal.