The owner of a Mexican produce company has been fined $500,000 and given a year of supervision for making a false statement to a bank insured by the U.S. Export-Import Bank.

Gilberto Salazar-Escoboza operated three produce companies in Hermosillo, Sonora, and was sentenced for knowingly making a false statement in February 2009 to Frost National Bank concerning loans insured by Ex-Im Bank, according to a news release. The businesses obtained loans from Frost National Bank to buy equipment from U.S. suppliers, according to the release, and Frost Bank insured some of those loans with Ex-Im Bank.

Salazar was sentenced in San Antonio. Since his plea in August 2012, Salazar has paid back about $2.64 million in restitution to Ex-Im Bank, Frost National Bank, and a private insurance agency, according to the release.

According to court documents, Salazar, a Mexican citizen, owned Empacadora Fruitcola Santa Ines, S.A. de C.V., La Costa Distribuciones Comerciales S.A. de C.V., and Videxport S.A. de C.V.